Started in 2006 the Company traded profitability for a prolonged period, trading via its website www.alloutdoor.co.uk. The Company is an e-commerce retailer of outdoor clothing and products, trading solely in the B2C market.
The website has benefitted from significant spend over the years, ensuring that it is attractive and streamlined in its process. In time and alongside sales generated through the website, the Company has taken advantage of the e-commerce explosion, also now trading via other platforms to include Amazon and ebay.
During the Company’s peak it generated annual turnover in excess of £4m.
The Company’s charge holder has recently appointed FRP Advisory to act in the capacity of Administrators, who are currently trading the business from its fulfilment centre in Rotherham and whilst a purchaser is sought for the business and assets, to include any remaining stock and all Intellectual Property.
With the charge holder involvement, costs have been streamlined, to include exiting a former trading premises in Borehamwood, owned by the former Director and the reduction in staffing levels, some of which were connected to the former director.
As a result, the Company benefits from limited trading costs, to include its contract with the fulfilment centre, which is able to be negotiated, as is the use of the charge holders staff for dispatching stock once orders are placed.
The Administrators are seeking offers to acquire the business and assets. Access to a data room will be granted subject to a Non-Disclosure Agreement being signed. If parties remain interested, then more detailed discussions can be held with management and the charge holder.
FRP are inviting expressions of interest and best and final offers by 16.00pm on Monday 4 April, 2022 with completion of sale by 17:30pm Friday 8 April, 2022. The Company and FRP reserve the right to vary this timetable.
All correspondence in relation to this matter should be directed to FRP using the contact details provided at the end of this document.
All Outdoor Limited Profit and Loss Account – Year end April 2022
*note that Administrative costs following a review by the Administrator are believed to be able to be reduced by at least some £200k with turnover also expected to be able to be increased by some £2m
The Company achieved revenues of £1.2m for the 12 month period ending April 2022, based on MI provided by the charge holder. This includes a period of time where the Company effectively mothballed the e-commerce platforms, whilst seeking advice. Historic turnover at its peak sits between £2-4m.
It is the Administrators belief that significant administrative costs can be stripped away from future trading and the Administrators will be happy to discuss this with interested parties, as part of any due diligence. Similarly the Company has been trading at a reduced % of its historical turnover of late which, is believed to be rectifiable.
The Board is not expecting to be looking to have active involvement in the business going forward, however, the existing charge holder is happy to discuss the available infrastructure held at the fulfilment centre, as to ensure a smooth handover to any potential purchaser.
The Company has assets to include but not limited to stock, domain names, Goodwill and customer database.
The Company does not carry the typical costs of a leasehold premises or any employees.
If you would like further information on this opportunity please contact FRP using the details provided below.
All communication on this opportunity should be conducted through FRP.
You will be required to agree to a Non Disclosure Agreement in order to receive access to a data room and further information about the sale process.
Management meetings can be arranged once the Non Disclosure Agreement has been signed and initial discussions have been held.