JC Evans Building And Landscaping Supplies Limited T/A Inspired Home Design and Oswestry Tile Centre

Thursday, 2nd November 2017

Diana Frangou and Guy Mander of RSM Restructuring Advisory LLP were appointed Joint Administrators of J C Evans Building and Landscaping Supplies Limited t/a Inspire Home Design and Oswestry Tile Centre (“the Company”) on 27 October 2017.

The Company is an independent family run business which supplied to both the trade and general public and operated from two leasehold premises in Oswestry, Shropshire. It offered a wide range of building and landscaping materials, and a kitchen and bathroom design service through the Inspire Home Design brand and tiling under the Oswestry Tile Centre trading name.

The Company employed 15 staff across the business. Trading was suspended following the Administrators’ appointment and 13 redundancies have been made.

 

Financial HighlightsBuilding & LandscapingKitchen & BathroomsTilingTotal
Annualised Turnover (£'000)1,7648524803,096
Gross Margin10%15%25%
Request for Expression of Interest Document (“the Document”) – Important Notice
The information is communicated as a general guide to interested parties to assist them in deciding whether or not to investigate the above opportunity (“Proposed Transaction”). It is not intended to form the basis of any contract or transaction. Recipients must make their own independent assessment of the opportunity and should obtain independent professional advice. This document does not constitute an offer or invitation in respect of the Proposed Transaction or any other sale or purchase of securities, or any of the business or assets, described in this document.A recipient cannot derive any legal claim from receipt of this Document to acquire a participating interest in the Company or to conduct negotiations with the Company or RSM Restructuring Advisory LLP, or other parties involved in the transaction with regard to such acquisition.Status of the issuer
Diana Frangou and Guy Mander of RSM Restructuring Advisory LLP have been appointed Joint Administrators of J.C. Evans Building & Landscaping Supplies Limited (“the Company”). The content of this Document has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. RSM Restructuring Advisory LLP is acting as agents of the Company in connection with the arrangements proposed in this Document and no one else.Status of information
Neither the Joint Administrators, RSM Restructuring Advisory LLP, their agents, the Director or the Company have reviewed or verified the contents of this Document. No representation or warranty is given or is to be implied by or on behalf of the Company, acting by its Joint Administrators or any other person as to the accuracy or completeness of the information or opinions contained herein. Accordingly, neither the Joint Administrators, RSM Restructuring Advisory LLP, their agents, the Director or the Company shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any information or opinions contained herein or in any other communication in connection with such proposed investment. In particular, they shall not be liable for the statements, projections or other information on the Company, its strategies, economic situation, market and competitive situations, regulatory environment etc. contained in the Document. Any Recipient who wishes to pursue an interest in the Company must complete their own due diligence and other enquiries as they think fit but, in any event, must not rely on the contents of this Document which is being provided for information purposes only.

This Document and the information contained herein are delivered as of the date set forth on the front cover hereof, and there shall be no implication that there has been no change in the affairs of the Company or other matters since such date. The statements contained in this Document and the facts on which they are based may be altered without prior notice. The Company and RSM Restructuring Advisory LLP assume no responsibility for updating this Document or any of the information contained herein. The Joint Administrators, RSM Restructuring Advisory LLP, their agents, the Director or the Company is under no obligation to provide further information and does so at its own discretion.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on behalf of the Joint Administrators, RSM Restructuring Advisory LLP, their agents, the Director or the Company, in connection with the Proposed Transaction.

Confidentiality
This document has been furnished to the recipient on a confidential basis. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or any means, electronic, mechanical, photocopying, recording or otherwise other than in confidence to any professional adviser acting on their behalf without the prior written permission of RSM Restructuring Advisory LLP.

No action has been taken to permit the distribution of this Document in any jurisdiction where such action is required to be taken, other than in the United Kingdom. This document does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. Recipients of this Document in jurisdictions outside the United Kingdom should inform themselves about and observe all applicable legal requirements in their jurisdictions. In particular this Document may not be distributed directly or indirectly in the united States of America or in its territories or possessions or areas subject to its jurisdiction or any political sub-division thereof or to any national, citizen or resident thereof or any person who is normally resident therein (including the estate of any such person and any corporation, partnership or other entity created or organised therein).

By accepting the Document you agree to be bound by the foregoing limitations.

RSM Restructuring Advisory LLP is a limited liability partnership registered in England and Wales, with registered number OC325349.

Diana Frangou and Guy Mander are licensed to act as an Insolvency Practitioner in the UK by the Institute of Chartered Accountants in England and Wales.

Insolvency Practitioners are bound by the Insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment. The affairs, business and property of the Company are being managed by the Joint Administrators

Deadline for expression of interest 5pm, Friday 3rd November 2017
Deadline for offers 5pm, Friday 10th November 2017

For Further Details Contact:
Paul Milton (Manager) T: 0116 282 0555 M:07800 617371 E:paul.milton@rsmuk.com
Samantha Rogers (Senior Administrator) T: 0121 214 3100 E:samantha.rogers@rsmuk.com

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