Wed, 11 Mar 2020 | BUSINESS SALE
West Yorkshire party supplies wholesaler Iparty Ltd has been acquired out of administration by Party Centric Ltd.
Shipley-based Iparty Ltd was established in 2015 when part of the Regent Greeting Cards company was acquired out of administration.
The company specialised in the supply of party products, greeting cards and other related supplies, under a wide range of different brands.
According to Iparty Ltd’s most recent accounts, to the year ending January 31 2018, the company at the time held total current assets of close £1.5 million, along with total current liabilities of £1.2 million.
Its net worth at the time of filing was over £282,200. However, on March 4 2020, the company appointed David Willis and Phil Pierce, partners at advisory firm FRP, as joint administrators.
Following their appointment, the joint administrators have now completed the sale of the business and its assets to Party Centric Ltd. All of Iparty’s employees will also be transferred to Party Centric as part of the sale.
After the announcement of the sale, the company has filed notice that its registered office will move address from Regent House on Shipley’s Dockfield Road to the East Parade in Leeds.
Provides a wide range of mandatory vehicle lights and flashing warning lights for vehicles and equipment in a number of market sectors. Operates internationally, with 237 clients, 95% of whom provide reliable, repeat business. Strong pipeline of fut...
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Well-established company operating since 1995. Importer and wholesaler of quality frozen foods. Supplies poultry, seafood, mutton, lamb, and vegetables to the catering industry.
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Superb opportunity to acquire this well established manufacturer and supplier of flexible plastics and paper packaging business which serves the food sector. Annual Turnover £1.2 million. EBITDA Adjusted to £85,326.
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