PracticeAccounting FirmsKPMG secures sale of Aquatic Superstore

KPMG secures sale of Aquatic Superstore

The Big Four firm has secured up to 14 jobs from the sale of an Aquatic store to former rivals

KPMG has secured a going concern sale for aquatic products supplier Britain’s
Aquatic Superstore.

The Superstore was bought by Bradford based Aquarline which is hoping to
expand in the North West and means that at least 14 jobs will be saved.

Paul Flint, joint administrator and KPMG restructuring associate partner,
said: “We are very pleased to be announcing a sale that allows for the
continuation of a long standing and well supported local business despite
marketing it during challenging economic conditions.”

The Aquatic store entered administration on 1 September having been in
business for 43 years. It was marketed as one of the largest aquatic and reptile
product wholesale distributors in the UK with 70,000 sq ft premises and more
than 500 stock tanks.

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