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.
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
LEASEHOLD
The company is a leading supplier of self-adhesive labels in the UK, that ensures high quality with competitive prices. Priding itself on its excellent customer service, the business provides proactive, friendly advice regarding how customers can imp...
WORK FROM HOME
The owners of Wear Moi International Ltd. and Aurora Dancewear & Costume Ltd., both world-renowned brands and long-established businesses, manufacturing dancewear and costumes in the UK for over 28 years, are seeking to sell both businesses.
30
|
Nov
|
Loughborough electronics manufacturer undergoes MBO | MBO/MBI
Datalink Electronics, a Loughborough-based electronics manuf...
29
|
Nov
|
Logistics firm to acquire Magnus Group warehousing operation | BUSINESS SALE
Hemisphere Freight Services (HFS), a family-owned logistics ...
29
|
Nov
|
Yorkshire insurance brokerage makes first acquisition | BUSINESS SALE
Prosura, a Yorkshire-based business and lifestyle insurance ...
13
|
Sep
|
Sheffield insolvency firm sold to FRP at 6.8x EBITDA | BUSINESS SALE
The Wilson Field Group, a Sheffield-based insolvency special...
07
|
Oct
|
Cleveland Bridge assets to go to auction next month | COMMERCIAL PROPERTY
It has been confirmed that an auction of the property and as...
10
|
Sep
|
Cleveland Bridge property and assets to head to auction as search for a buyer fails | ADMINISTRATION
Administrators for structural engineering firm Cleveland Bri...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.