The cost of the sale was not disclosed.
Music Zone went into administration in early January after struggling against
competition from the internet and supermarkets.
On 25 January, Deloitte said a buyer hadn’t been found and the company would
close its shops and lay off its 800 staff.
‘This represents a much better outcome for creditors and other stakeholders
than a piece-meal disposal,’ said
Dawson, a partner at Deloitte.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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