Store Media plc bought out of administration

Wed, 14 Aug 2013 | BUSINESS SALE

Advertising company Store Media plc has been bought out of administration following a lengthy and expensive legal dispute.

Based in Lancashire, with headquarters in Blackpool, the business has been in operation since 1989 and provides a range of different advertising materials. The company claims to have a reach of over 250 million customers a year through its high visibility displays in major retail outlets.

Despite enjoying financial success over recent years, posting a pre-tax profit of £527,000 in its 2011-12 accounts, the firm was hit by a drawn-out legal issue and was forced to appoint administrators from Sheffield accountancy firm Wilson Field.

Robert Dymond and Lisa Hogg took control of the process and oversaw the administration. The pair have since found a buyer for the firm. The buyer does not share any directors with Store Media plc, with the firm thought to be undergoing a full change of ownership.

A statement from Wilson Field issued to Insider Media explained the details of the administration: “The costs and outcome of a protracted legal dispute coupled with general problematic trading conditions caused financial difficulties.

"Prior to the appointment of administrators, a number of staff were made redundant. The remaining 19 staff were transferred to a successor business, Store Media Contracts Ltd, which purchased Store Media plc's business and assets.”

Related information:
Profit from buying a distressed business
View the latest distressed businesses

Share this article

Latest Businesses for Sale

North East, UK

Specialises in the provision of a range of premium pastries, hot and cold snacks, speciality cakes and freshly baked breads for major supermarkets and local businesses across the North East. Highly skilled and experienced workforce whose professional...

Asking Price: Offers Invited
Turnover: £1,900,000


Off-Licence & Convenience
Ibstock, Leicestershire, UK Wide

The business has been operated by the current vendors for over 25 years and this is the first time the site has been advertised on the open market for over 100 years. The business has built up an enviable reputation throughout the area for quality an...

Asking Price: £450,000
Turnover: £751,000


MOT Test Centre/Vehicle Repair Business
Staffordshire, UK Wide

Well-established and very popular MOT station and vehicle repair business Staffordshire. The business was established by our client in 2005 and is only now being offered to the market due to our clients’ desire for change of direction and to concentr...

Asking Price: £450,000
Turnover: £319,000


View more businesses for sale

News Search

Latest News


Payroll and HR companies acquired by software group | BUSINESS SALE

IRIS Software Group has finalised the agreement of intent to...


NG Bailey’s acquisition of Freedom boosts its turnover by 16 per cent | BUSINESS SALE

Engineering and services group NG Bailey’s strategic a...


Forensic science equipment supplier completes MBO | MBO/MBI

A private equity firm has backed the management buyout of a ...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


Sheffield candle retailer enters administration | ADMINISTRATION

A shop retailing candle and gifts in Sheffield has collapsed...


Electrical installer enters administration | ADMINISTRATION

An electrical installation services business based in Leeds ...

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