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Jobs saved with sale of David Mason (Design) Limited
Leonard Curtis, in conjunction with S T Bennett & Co,completed the successful sale of long established homeware designer andproducer, David Mason (Design) Limited which entered Administration on 24 May2023 to D Mason Limited, a company funded by Investors Baaj Capital LLP.
Operating from 3 premises in Chesterfield, the company hadoperated successfully for over 60 years developing and designing products forthe wholesale market together with the creation of bespoke ranges for highprofile clients.
The homeware company, whose brands included David MasonDesign, Foxwood Home and The English Tableware Company had suffered from theadverse effects of the coronavirus pandemic and associated inflation. As aresult of the need to shut down operations for a short period and subsequentlyincreased shipping costs, cash flow and product pricing was adversely effected.
Following a discrete AMA process to market the opportunity,without damaging the underlying business, the Joint Administrators, AlexCadwallader of Leonard Curtis and Stewart Bennett of S T Bennett & Co,assisted by solicitors Crowell Moring LLP, completed a sale of the corebusiness, brands and assets enabling 7 employees to retain their jobs.
Alex Cadwallader said: I am pleased to confirm that we wereable to complete a sale of this well-established business , both maximising thereturn to creditors and successfully transferring 7 jobs to a newemployer
Jas Singh, owner and director of Baaj Capital said: This excitingacquisition accelerates Baaj Capitales plan to invest across a wide spectrum ofbusiness opportunities. The Homeware Sector being only one area of interest. BaajCapital has activeley funded acquisition of both distressed and solventcompanies through many sectors over the recent past. David Mason Designincorporates both specialist product and innovative design with a reputation forquality and finish, and represents an exciting addition to the businessestrading with Baaj Support.
Our thanks go to the Leonard Curtis and ST Bennett Team and Company Management for their help in delivering this project.
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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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