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

Fibre Optic & IT Cabling Solutions
South East, UK

Designs, supplies and installs fibre optic and IT cabling solutions for clients throughout the UK and Europe. Offers electrical, structured cabling and network/Wi-Fi solutions, AV equipment and LAN/ethernet, in addition to project management, consult...

Asking Price: Offers Invited
Turnover: £2,247,561

LEASEHOLD


Importer of Toys & Gifts for the Leisure Industry
UK Wide

Imports an extensive selection of toys and gifts, which are sold to trade customers throughout the UK and internationally. Has established a strong reputation within its sector for its innovative product range, competitive prices and exceptional serv...

Asking Price: Offers Invited
Turnover: £6,135,933

FREEHOLD


Mental Health Recovery Programmes
UK Wide

Provides psycho-educational mental health recovery and well-being programmes and professional recovery practitioner accreditation, delivering support from BACP and BPS accredited professionals to individuals throughout the UK and internationally. Has...

Asking Price: Offers Invited
Turnover: £1,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

 
10
 
Jul
 

Mobile phone supplier and recycler goes into administration | ADMINISTRATION

Mobile phone refurbishment company Redeem UK has gone into a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
14
 
May
 

Sixth Signature Living hotel company goes into administration | ADMINISTRATION

Signature Living Coal Exchange Limited, the company behind t...

 
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