The receivers are now in discussions with a short list of potential buyers from the 83 parties which showed an interest and are looking to select a preferred bidder or bidders in early July.
Blair Nimmo, one of the recievers, said: ‘I am hopeful that we will have a new owner or owners in place by mid summer. All the individual outlets have continued to trade strongly during the receivership.’
Big beat went into receivership in April following a drugs scandal which shut down its London nightclub Home. At the beginning of May, KPMG set a deadline of the end of the month for offers on the business.
It had received over 500 inquiries for the business by the end of May and has had 123 offers submitted.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.