| View more details on this retailer : Betta Living |
| | | | 16/11/2016 | Business Desk, Joanne Birtwistle - Betta Living order book sold out of administration to former management | | | | | Former management acquire Betta Living's order book | | | | | The Business Desk reports that the administrators of Oldham-based Dean House Ltd, trading as Betta Living, have sold the company’s order book in a deal they say will ensure existing orders are met and secure some jobs.
The order book and certain other assets have been sold to a team comprising former management of the company for an undisclosed sum.
Administrators Anthony Collier and Ben Woolrych from FRP Advisory said the deal was structured to help deliver existing orders and added that it may secure a small number of new job opportunities based largely in this region for some on-going trade.
Anthony Collier, joint administrator and partner at FRP Advisory, said: "We are pleased that a solution has been found with a view to fulfilling existing customer orders, which may also lead to the creation of jobs in the future.
"We are disappointed however that a buyer for the business as a whole could not be found which will unfortunately result in store closures and redundancies.
"We will be working closely with those impacted by store closures over the coming days. Our immediate priority will be to work with any former employees and ensure that they are able to make timely claims from the Redundancy Protection Service." |
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