The future of 1,850 jobs were today secured after Allsports administrators
BDO sold the company’s assets to JD Sports for £18m.
JD Sports has acquired the business as a going concern, and taken on some of
the existing liabilities from the administrators including landlords, employees
and for the retention of title stock.
The deal consists of the property rights to 178 Allsports stores.
‘This is a brilliant result for a large range of stakeholders,’ said BDO lead
administrator Dermot Power. ‘No doubt JD Sports will rapidly absorb and benefit
from the Allsports estate.’
Power made special thanks to Allsports staff who ‘worked hard through a real
period of uncertainty’.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children