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

Temporary & Permanent Recruitment Business (Fast Sale)
South of England, UK Wide

Offers no later than 12 noon on Tuesday 17th December 2019. All offers to be supported by proof of funds. An opportunity exists to purchase the business of a leading UK based temporary and permanent recruitment business providing staff specialising i...

Asking Price: Offers Invited
Turnover: £11,015,315

LEASEHOLD


IT Business
North West, London, London, UK

Well established. Managed services with significant recurring revenue stream. Relocatable. Affordable IT services. Hardware and software services. The business for sale is an IT company providing hardware, software, internet and support services. Off...

Asking Price: £299,995
Turnover: £373,966

LEASEHOLD


Commercial Property & 3 Bed Accommodation
Blackpool, UK Wide

Fully equipped to operate. Short drive to Blackpool Pleasure Beach. Brilliant transport links. This is a retirement sale. Could accommodate any cuisine. Offers invited.

Asking Price: £219,950
Turnover: £300,000


View more businesses for sale

News Search

Latest News

 
11
 
Dec
 

PiggyBank owner enters administration | ADMINISTRATION

DJS Limited, the parent company of payday lender PiggyBank, ...

 
10
 
Dec
 

MBO at Derby rail sector recruiter | MBO/MBI

There has been a seven-figure management buyout (MBO) at Der...

 
09
 
Dec
 

Scunthorpe construction group call in administrators | ADMINISTRATION

Scunthorpe-based Clugston Group and Clugston Construction ha...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
17
 
Jun
 

Sheffield candle retailer enters administration | ADMINISTRATION

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

 
01
 
Mar
 

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