Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Online furniture retailer rescued from administration

Online furniture retailer rescued from administration

Thu, 27 Feb 2020 | BUSINESS SALE



Houseology has been bought from administration by rival furniture ecommerce firm Olivia’s for an undisclosed sum.

Olivia’s, which is part of The Moot Group, purchased Houseology, which went into administration last month, following a blind auction process. Houseology’s administration was handled by Stuart Robb and Michelle Elliot of Leonard Curtis Recovery.

It has acquired all of Houseology’s IP and assets, including its suppliers and stock. While Olivia’s will not take on Houseology’s historic liabilities, it has said it will work with customers affected by the administration and try to work with historical creditors.

Olivia’s has also said it will integrate all of Houseology’s customers and suppliers into its current offering while continuing to run it as a standalone brand.

Houseology was founded by Kate Mooney in 2010 in Glasgow as Occa-Home, rebranding in 2015. Since then it had raised in excess of £6 million through investment rounds, being backed by figures including Sir Terry Leahy, Bill Dobbie and Jill Little.

However, poor returns and a dysfunctional logistics process lead to the business making losses. At its height, Houseology had delivered around £10 million in annual revenue, but a poor fourth quarter in 2019 saw the brand enter administration.

Discussing the acquisition, The Moot Group said it would give Olivia’s the opportunity to grow in the UK’s ecommerce market.

The Moot Group was founded in 2018 by Nick Moutter. Following the acquisition, the group is on target to deliver revenue of £20 million in 2020 and continue to grow.


Share this article



Latest Businesses for Sale

Bike & Accessories Supplier
South East, UK

Supplies e-bikes and related products, including mechanical bikes, powered ride-along toys and accessories, to blue-chip organisations across the UK.

Asking Price: Offers Invited
Turnover: £3,900,000

LEASEHOLD


Online Retail Business with Warehouse
Ashford Hill, Thatcham, Hampshire, UK Wide

A small team of three of us focus on sales, purchasing, and administrative tasks. The business could easily be integrated within an existing team to support higher profits.

Asking Price: £800,000
Turnover: £2,000,000

RELOCATABLE


Boutique Independent Guitar Shop
London, UK

Specialises in sales of rare, vintage and celebrity-owned instruments, including acoustic, electric and bass guitars, as well as amplifiers, effects pedals and accessories.

Asking Price: Offers Invited
Turnover: £4,300,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Apr
 

Peer-to-peer lending business enters administration | DIVISION SALE

Business Loan Network, a peer-to-peer lending business, has ...

 
19
 
Apr
 

Historic Burtonwood brewery put up for sale | COMMERCIAL PROPERTY

Molson Coors' Burtonwood Brewery has been put up for sa...

 
16
 
Apr
 

Owner of Cabot Circus shopping centre in sale talks | BUSINESS SALE

The owner of Cabot Circus shopping centre in Bristol has con...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
12
 
Aug
 

Yorkshire abattoir business in administration | ADMINISTRATION

Administrators have been called in to an abattoir business t...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.