Clothing Business

SORRY THIS BUSINESS HAS ALREADY BEEN SOLD

Business Opportunity - Clothing Business

Clothing Business

We are instructed to invite offers for the total assets from a ladies clothing manufacturer, as a result of anticipated forthcoming insolvency.

The principal asset is stock, which has a total cost price of circa 1 million pounds, however, it should be pointed out more than half the stock is held on consignment by a variety of on-line retailers and it should be further pointed out that much of the stock relates to previous seasons.

The remaining stock is held in a fulfilment warehouse, where arrears will have to be paid up to date in order to gain release.

In addition to stock, the company owns rights to its brand name, domain name and website.

The company is expected to enter into administration shortly and we are instructed to invite bids which must be received no later than noon on Tuesday 4th April. The anticipated timetable is as follows:-
• Bidding deadline noon, Tuesday 4th April
• Bids to be discussed with the proposed administrator on the afternoon of Tuesday 4th April
• Lawyers instructed to draft the sales contract on the morning of Wednesday 5th April
• Draft contract to be issued to the purchaser no later than close of business Thursday 6th April
• Completion no later than close of business Thursday 13th April

It should be noted that Friday 7th April to Monday 10th April comprises a 4 day bank holiday weekend.

Guide price £100,000 plus.

Interested parties should email enquiries@robsonkay.co.uk confirming their identity, the identity of the bidding entity they represent, proof of funds and confirmation they are potentially in a position to bid a 6 figure sum in accordance with the timescale outlined above.

We will then send an NDA for completion, following which we will release further information to those who send back a completed NDA.

Please note if you are acting as agent rather than principal or, you fail to answer the questions above in full, we will not send out an NDA. Emails simply asking for further information, or which fail to address the issues above, will be ignored.

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