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In 2011, following sustained losses, Kesa sold the company to private equity firm OpCapita for a token £2. The firm entered administration in November 2012, and all stores and their stock was liquidated and closed by 18 December. Before its collapse, the company was the UK's second biggest electrical retailer, with 6,000 staff and over 200 stores.
The Company was founded by Joseph Cattle in 1927 in Hull. [1] It was first listed on the London Stock Exchange in 1963. [1] In the 1990s it developed the Shopacheck brand. [1] In 1990 it acquired Compass Credit and went on to buy Welcome Financial Services in 1994, The Lewis Group in 1997 and Dial4aloan in 2001.
to UK Owner # of shops Notes B&M: 1978 B&M European Value Retail S.A. 800+ The business was founded by Malcolm Billington as Billington & Mayman and the first store opened in Cleveleys, England, in 1978 and was acquired by Simon and Bobby Arora from Phildrew Investments in December 2004 Bargain Buys: 2013 Fortress Investment Group: 75
Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession Offshore bank [1] April 2, 2007: New Century: Chapter 11 bankruptcy and liquidation Mortgage lender [2] August 6, 2007: American Home Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender [3] August 31, 2007 ...
In the latter case, it is usually known as a going-out-of-business sale or liquidation sale, and is part of the process of liquidation. A hail sale is a closeout at a car dealership after hail damage. A store that is closing will often advertise to customers their last chance to buy.
Liquidity Services was co-founded by William P. Angrick III, Jaime Mateus-Tique, and Ben Brown in 1999. It was branded as Liquidation.com and was a B2B auction marketplace that connects sellers to buyers. [6] The platform allowed retailers to resell retail returns and overstock [7] and enabled buyers to access bulk lots of surplus merchandise. [8]
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AIM is an unregulated market segment, therefore it escapes most of the mandatory provisions contained in European Union directives – as implemented in the UK – and other rules applicable to companies listed in the LSE. AIM believes self-regulation is pivotal to AIM's low regulatory burden: companies seeking an AIM listing are not subject to ...
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