Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Wednesday, 16 December 2009

Hilco to buy more retailers?

Lots of reports out there in the media on Hilco's latest acquisition - Habitat, this bought with a £45m dowry from its former Swedish owners.

This after buying Borders last month and appointing MCR as administrators. MCR has announced probable closure by Christmas eve unless a buyer can be found.

Another retail close out for Borders led by Hilco. What next for Habitat?

What next for retail failures in 2010. Big rent day due at the end of December, will retailers fail to meet rent obligations? A Company Voluntary Arrangement can restructure rents, rates, leases, and surplus employee costs and help retailers emerge leaner and fitter.

If your multiple retail company has cashflow crisis call CVA Expert, Keith Steven on 07974 086779 or email keiths@ksagroup.co.uk

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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