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Company Rescue Businesses for Sale – Assets for disposal

Published on : 5th February, 2019 | Updated on : 7th January, 2025

Table of Contents

  • Short Notice  (SOLD) Business Sale Offering

Business for Sale

Short Notice  (SOLD)
Business Sale Offering

Excellent Opportunity to Acquire a Well-Established Specialist Vehicle Delivery Service Provider
Proposed business sale by way of a sale of the assets.

Brief Outline of Business

  • Specialists in nationwide bulk car, van and caravan transport and delivery;
  • Large modern fleet of car transporters, tractor units and specialist transporter trailers;
  • Previous annual turnover levels have been in excess of £8M;
  • Long established client relationships and service level agreements with major industry names;
  • High security leasehold premises, together with modern fleet maintenance facilities.

Quantified expressions of interest to be received no later
than 16:00 on Thursday 14 February 2019

Viewing available by appointment only.

For further details, please visit our website at www.charterfields.com or
alternatively by emailing us at enquiries@charterfields.com quoting “9191”

Hobbycraft To Launch CVA to Close Stores And Negotiate With Landlords

​According to information obtained by Sky News, Modella Capital, a private investment business that specialises in acquiring struggling retailers, including WH Smith, will propose a company voluntary arrangement (CVA) at Hobbycraft as early as Wednesday. It has been reported that it will be FRP Advisory that will propose the CVA.People close to the plan stated that nine of its shops would be closed with the loss of around 100 jobs, and that 18 more would remain open only if negotiations with landlords over rent cuts work out.According to the individuals, 1,800 staff will be protected as an additional 97 stores will not be impacted by the CVA.Hobbycraft ‎is the latest in a series of High Street names to look at trying to reduce the size of their store portfolios amid rising pressures from online and discount rivals, increased employment costs and a deteriorating outlook for consumer confidence.Expensive High Street stores can be cut back provided that the lease allows for early termination.  If not the only way out is to surrender the lease that can be very expensive or use a company voluntary arrangement (CVA).A CVA allows the retailer to determine its lease obligations which can greatly help the company's cash flow. For more information on why a CVA is a perfect mechanism for helping retailers, read our retailer rescue page  Why not read our case study where we rescued a multi-store retailer

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Hobbycraft To Launch CVA to Close Stores And Negotiate With Landlords

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