BusinessBusiness RecoveryLeonard Curtis administrators sell Lombok in pre-pack

Leonard Curtis administrators sell Lombok in pre-pack

Administrators Neil Bennett and Michael Healy sell furniture retailer in pre-pack for second time in as many years

LEONARD CURTIS ADMINISTRATORS have arranged a pre-pack sale of high-end furniture retailer Lombok to its existing management and investors.

Neil Bennett and Michael Healy from Leonard Curtis were appointed joint administrators this week to holding company Angora, which traded as Lombok.

As part of the pre-pack, three stores, a concession and the website have been sold. The management is now engaged in restructuring the business, which could mean redundancies in its head office.

Prior to the pre-pack, Angora shut nine of its stores including Guildford, Hampstead, Brighton and Leamington Spa.

A spokeswoman for Lombok said: “In order to secure the future of Lombok in very challenging trading conditions, Lombok is in the final stages of an essential restructuring which is refocusing the company on its successful online offering and key flagship stores.”

This is the second pre-pack of the business in as many years. In 2009, KPMG administrators sold the company to its management team, securing 124 jobs.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5d Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5d Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

3w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
Kingston Smith liquidators to distribute millions to Bond International Software PLC members

Accounting Firms Kingston Smith liquidators to distribute millions to Bond International Software PLC members

1y Stephanie Wix, Writer
SFP sells off Pixel Projects and saves all staff

Business Recovery SFP sells off Pixel Projects and saves all staff

1y Stephanie Wix, Writer