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95 jobs saved at London laundry business
Leonard Curtis Business Solutions Group has completed the sale of the business and assets of Bates of London Limited, a longestablished 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.
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Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
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