Party supplies wholesaler acquired out of administration

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.


Share this article



Latest Businesses for Sale

High-End Golf Equipment Supplier
UK Wide

Successful company operating for over 17 years. Provides a comprehensive range of golf equipment to satisfy all customer requirements, comprising clubs, clothing, bags, trolleys and complementary accessories. Significant scope to invest additional re...

Asking Price: Offers Invited
Turnover: £7,514,000

LEASEHOLD


Electrical Products Independent Wholesaler
UK Wide

Specialises in the wholesale of high-quality electrical products and accessories for original equipment manufacturers and contractors located across Yorkshire.Product offering is enhanced by the company’s ability to offer expert consultancy advice fo...

Asking Price: Offers Invited
Turnover: £4,100,000

LEASEHOLD


Pipeline Products & Construction Materials Supplier
UK Wide

Supplier of pipeline products, construction materials and technical support packages. Offers a wide range of products and services, including pipes and fittings, valves, couplings and adapters, alongside training, equipment sales, servicing and repai...

Asking Price: Offers Invited
Turnover: £5,300,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Aug
 

Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...

 
13
 
Aug
 

Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...

 
12
 
Aug
 

Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
07
 
Aug
 

Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

 
20
 
Jul
 

Buyer sought for sports bar chain | ADMINISTRATION

FRP Advisory are seeking a buyer for Rileys Sports Bar, afte...

 
06
 
Jul
 

Aviation claims specialist enters administration | ADMINISTRATION

Didsbury-based aviation claims specialist Flight Reclaim has...

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