News

198 jobs saved at logistics and courier business

Restructuring and Insolvency
8
February
2022
at

Leonard Curtis Business Solutions Group has completed the sale of the business and assets of Bates of London Limited, a long established London laundry contractor, and saved all 95 jobs.

The leading laundry business, which can trace its history back to 1886, specialises in linen hire and contract laundry for hotels, health clubs and restaurants across the UK.

It was sold to existing management following an intensive period of marketing in December last year.

Administrators Neil Bennett of Leonard Curtis and Ian Yerrill of YM Business Recovery Limited were called in by directors at Bates of London following a prolonged struggle with the effects of coronavirus on the hospitality industry, together with rising energy costs.

The Administrators worked closely with the parties concerned to deliver the best possible outcome for stakeholders. Neil Bennett commented: This was a great business with a long history which deserved to survive unprecedented recent pressures and we were delighted to find a buyer to take it on and retain the workforce in full.

‚At its height Bates of London was processing over 50 million pieces of laundry a year with two processing plants and a dedicated team. 

‚Äã‚Äã‚Äã‚Äã‚Äã

Share
News
insertpageurl

Feedback Form

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

News and insights

Read More

Time to Pay arrangements

Funding

20
December
2022
Debt Advisory

The SME finance market‚ ABL v RLS

Funding

25
August
2021
Commercial Finance

The cost of invoice finance

Funding

8
September
2021
Commercial Finance

Get in touch
with Leonard Curtis

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.