Follow:
 |
© 2012 Deloitte LLP. All rights reserved. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.
Please see About Deloitte for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its Member Firms. View our accessibility statement.
Get in touch
Deloitte appointed Administrators to John Stephenson & Sons (Nelson) Ltd and Wharton Wade Wines Ltd |
Bill Dawson and Ian Brown of Deloitte, the business advisory firm, were appointed Joint Administrators of John Stephenson & Sons (Nelson) Ltd and Wharton Wade Wines Ltd on 6 November 2009. The Group operates as a wholesaler and distributor of wines, beers, and spirits from a site in Nelson, Lancashire, supplying principally to food outlets around the North West of England.
The Joint Administrators have announced the sale of the stock and the majority of the other business assets to Walsall based European Food Brokers Ltd.
Bill Dawson, partner in the Reorganisation Services practice at Deloitte, comments: “We are pleased to announce the sale of the majority of the business and assets of John Stephenson. The sale will help secure all 33 jobs at the business.
“The Group has undertaken an extensive search to find an investor or buyer. It has become necessary to sell the business via an administration, due to its financial position.”
Raj Chatha, Chief Executive of EFB Group comments: “John Stephenson and Sons have been servicing the On Trade market with beers, wines and spirits since 1914. Their commitment to offering a local and personal service to over 1500 independent free trade accounts, matched with an extensively sourced product range has meant they have developed a formidable reputation in the local area.
“Integrating John Stephenson and Sons to our portfolio adds breadth and range to our current wholesale operation. We understand the independent on trade business extremely well as we own and operate our own estate. It will strengthen our business considerably, particularly in areas such as wine, which will complement all divisions within the EFB Group.”
ends
Notes to editors:
About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk\about for a detailed description of the legal structure of DTT and its member firms.
The information contained in this press release is correct at the time of going to press.
Media contacts
- Name:
- Vimala Camadoo
- Company:
- Deloitte LLP
- Job Title:
- Phone:
- +44 (0) 20 7007 5098
- vcamadoo@deloitte.co.uk
- Name:
- James Igoe
- Company:
- Deloitte LLP
- Job Title:
- Phone:
- +44 (0) 20 7303 8247
- jigoe@deloitte.co.uk
Related links
-
Corporate Finance
Deloitte Corporate Finance practice.