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.
This well-established company has a significant presence and an enviable reputation in this niche market. The company is privately owned and independent, acting as a distributor for many leading brands and manufacturers, in addition to own range of p...
LEASEHOLD
Designs & supplies aftermarket tuning & accessory products for the automotive market utilising manufacturers in Asia to produce a wide range of products. Products are sold to trade (60% of sales) & retail (40% of sales) via various websites & e-comm...
Offered for sale is a wholesale business and one-stop shop for a wide variety of products to the trade sector. A variety of items are available on the website for trade purchase, such as Clearance, DIY, Toiletries, Electrical, Household and Pet items...
LEASEHOLD
|
20
|
|
May
|
Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION
Bournemouth-based instant foods brand Mr Lee’s Pure Fo...
|
19
|
|
May
|
Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE
Legal services company Knights has acquired Portsmouth-headq...
|
18
|
|
May
|
Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS
Businesses in the UK look set to come under continuing press...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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...
|
08
|
|
Sep
|
Assets for sale as Scottish wind turbine firm enters administration | ADMINISTRATION
Scottish wind turbine manufacturer CS Wind (UK) has fallen i...
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