The joint administrators of Big Home Shop Limited and Physioroom Limited have announced a going concern sale of the businesses and their assets to Worksop-based Kybotech Group.
Based in Padiham, near Burnley, Big Home Shop Limited sold garden furniture, outdoor equipment and other general furniture items via various channels on Amazon and other such online marketplaces. Physioroom Limited sold home exercise, recovery and injury prevention equipment via its dedicated website, www.physioroom.com.
Kybotech Group is an online retailer of garden buildings and garden furniture, in addition to being the designer and manufacturer of the ‘BillyOh’ outdoor buildings range, which is the largest brand of its kind in the UK.
The transaction sees Kybotech Group acquire all of the business and assets of the two companies. A total of 23 employees who were retained by the joint administrators while they continued to trade the businesses have transferred to the purchaser as part of the transaction.
Commenting on the sale, Rick Harrison, Managing Director at Interpath Advisory and joint administrator, said: “We are pleased to have concluded this transaction, which not only sees Big Home Shop and Physioroom move into new ownership, but which also safeguards a significant number of jobs.
“We’d like to express our sincere thanks to all of the employees for their support in trading the business while in administration, and wish them, and the team at Kybotech Group all the very best for the future.”
Charles Walton, founder and group CEO of Kybotech Group, said: “We are delighted to be able to continue the brand journey of both Physio Room and True Shopping. These are fantastic additions to the Kybotech Group brand family, and we are very excited about the future.”
The Interpath Advisory team comprised Rick Harrison, Howard Smith, James Pollicott, Rich Curran, Amy Starkey, Tony Rudkin, Ryan Manuel, Lorna Cottom, Tom Morton and Emma Loten.
The joint administrators were advised by Chris Roberts, Rob Lyons and Grace Imafidon from DLA Piper.
Kybotech Group was advised by teams from Kroll and Field Fisher.
