The Joint Administrators and their agents Hilco Capital continue to trade the stores of Countrywide Farmers PLC following our appointment on 7th March 2018. Store performance is reviewed weekly but given the strong trading performance to date the majority of stores will be trading into May which has created an opportunity to seek further going concern sales where available.
Interest in the stores has been strong and we continue to receive interest and offers for a number of stores on a going concern basis. The aim is to conclude these transactions as soon as possible. To date 8 stores have been sold to Wynnstay (Agricultural Supplies) Limited on 30 April 2018 and details of those stores are included on https://www.countrywidefarmers.co.uk/t/store-updates.
There are 11 leasehold stores where progressing going concern offers is proving challenging (either because no acceptable offer has been received, the structure of certain offers or from a deliverability perspective). In-order for all stores to have every opportunity to be sold as a going concern we would like to invite going concern offers on the following stores;
1. Ashbourne, 2. Launceston – B2B, 3. Ludlow – B2B, 4. Penzance – B2B, 5. Liphook, 6. Evesham, 7. Twyford, 8. Witney, 9. Gower, 10. Tavistock, 11. Chepstow
Lease premium interest has also been received with interested parties seeking an alternative use for some of the stores.
For interest in the stores on a going concern basis please e-mail your interest to [email protected]
or call 07740894721.
For interest in the freehold properties ('property only' interest) please contact Adam Heath at [email protected]