Experts from the Preston office of Real Business Rescue (part of the Begbies Traynor Group) were approached due to concerns over a number of loss-making branches. United Carpets were also involved in disputes with their landlords who were unwilling to enter into discussions over their rental agreements.
Insolvency Practitioners from the Preston branch of Real Business Rescue were appointed joint administrators of United Carpets (Northern) and looked to secure a sale. Parent company, United Carpets Group, was approached to make an offer to buy its subsidiary out of administration.
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Real Business Rescue helped to facilitate the sale of the business and its assets to United Carpets Group which saved 73 stores, the head office site and its two warehouse locations in Doncaster and Derbyshire.
Still unsure whether liquidation is right for your company? Don't worry, the experts at Real Business Rescue are here to help. Our licensed insolvency practitioners will take the time to understand the problems your company is facing before recommending the best course of action going forward based on your own unique circumstances.