Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Waterstones considers 2018 sale

Waterstones considers 2018 sale

Mon, 30 Oct 2017 | BUSINESS SALE

The high street bookselling giant Waterstones could be putting itself up for sale, it has been reported.

The chain's Russian billionaire owner, Alexander Mamut, has seemingly appointed the financial advisory group NM Rothschild to give counsel on strategic options that include refinancing the company's debt or preparing it for an outright sale.

Waterstones' debts come largely from about $100 million of loans from the Russian Commercial Bank – a bank that is part-owned by Otkritie bank, where Mr Mamut is a leading shareholder.

Mr Mamut bought the chain from HMV in 2011 for £53 million, and has revealed that he has not taken a dividend since the purchase.

In February of this year, Waterstones announced that they were back in the black as they fought against the rise of e-readers and returned to profits.

Waterstones reported a pre-tax profit of £9.9m in the year to April 2016. Sales in that year rose four per cent to £409m, delivering a pre-tax profit of £9.9m, as the retailer felt the benefit of a decision several years ago to allow each branch to order its own books, rather than take bulk orders from the publishers. It's expected that the company's next set of accounts will show earnings of around £40m, meaning the business could be worth in the region of between £200m and £300m.

It's not expected that any significant decisions will be made until Waterstones is through its Christmas rush which produces 85 per cent of the retailer's annual profits.

Find a business for sale
Subscribe to Business Sale Report


Share this article



Latest Businesses for Sale

Provider Of Experiential Leadership & Development Training
UK Wide

The company has designed and developed a wide range of specialist training programmes, which can be delivered on-site or online. Operates from several strategically located, purpose-built training facilities, designed to support memorable learning ex...

Asking Price: Offers Invited
Turnover: £1,065,000

LEASEHOLD


E-Commerce Retailer Of Home Storage Products
UK Wide

Long established and highly profitable on-line retailer of premium quality rattan/wicker home furniture/storage products. Established as one of the country's leading suppliers of a large range of rattan products for the modern home. The products are...

Asking Price: £350,000
Turnover: £700,000

RELOCATABLE


Online Retailer Specialising In Garden Machinery
UK Wide, North West

The company specialises in domestic and industrial garden machinery, cleaning equipment, spares and parts. Products include, pressure washers, vacuum cleaners, hedge trimmers, strimmers and heaters.

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

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

 
23
 
Feb
 

Lockdown exit: What does the road map look like for UK businesses? | BUSINESS NEWS

After a winter spent almost entirely in lockdown, the govern...

 
22
 
Feb
 

Modular Group acquires Euramax Solutions with BFS backing | BUSINESS SALE

Modular Group Investments has acquired Barnsley-based window...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

 
23
 
Feb
 

Lockdown exit: What does the road map look like for UK businesses? | BUSINESS NEWS

After a winter spent almost entirely in lockdown, the govern...

 
22
 
Feb
 

Modular Group acquires Euramax Solutions with BFS backing | BUSINESS SALE

Modular Group Investments has acquired Barnsley-based window...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.