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.
Opportunity to acquire a well-established builders merchants located in South Wales, offering a robust reputation and a strong customer base.
An exceptional opportunity to acquire a long-established specialist importer and wholesaler business in the United Kingdom, known for its strong industry reputation and extensive client base.
Discover a unique opportunity to acquire a thriving and highly profitable meat wholesaler business located in Central London.
26
|
Jun
|
Building maintenance and repair firm targeting expansion after acquisition | DIVISION SALE
A North Yorkshire-based company that provides maintenance an...
26
|
Jun
|
Fairstone adds 100th firm to Downstream Buy-Out model | BUSINESS SALE
Wealth management firm Fairstone has added the 100th firm to...
26
|
Jun
|
Offers around £5m sought as luxury holiday lodges brought to market | COMMERCIAL PROPERTY
More than 30 luxury holiday lodges at Belton Woods Hotel, Sp...
16
|
Apr
|
Glenfield Storage Solutions collapses | ADMINISTRATION
Glenfield Storage Solutions, a Leicester specialist in wareh...
20
|
Mar
|
Ledwell Plastics folds into administration | ADMINISTRATION
Leicester-based Ledwell Plastics, a plastic injection mouldi...
11
|
Mar
|
Caravan maker Atlas Leisure falls into administration | ADMINISTRATION
Half a century old East Yorkshire caravan manufacturer Atlas...
Business Sale Report is the complete resource for finding genuine 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.