KPMG secures sale of School Trends Limited - KPMG United Kingdom
close
Share with your friends

KPMG secures sale of School Trends Limited

KPMG secures sale of School Trends Limited

The future of major school uniform supplier School Trends Limited has been secured after administrators completed the sale of the business.

1000

Also on home.kpmg

School Trends, which operates out of premises near the Holbrook Industrial Estate in South Yorkshire, is a school and academy uniform supplier that sells uniforms direct to schools and to consumers.

The business was sold on 31 December 2018 to Barlow Park Limited, a company formed by Tim Thrall – an experienced professional in the sector – to make the acquisition. 

Howard Smith and David Costley-Wood of KPMG were appointed Joint Administrators of School Trends Limited on 21 December 2018. With insufficient stock available to trade the business in administration, 38 members of staff were made redundant upon the Joint Administrators’ appointment. However, 21 staff were retained whilst the Administrators assessed the remaining options available.

The deal with Barlow Park means that the business will continue to trade, retains the School Trends brand and all 21 members of retained staff, and Barlow Park intends to honour outstanding orders. 

Howard Smith, Joint Administrator and Associate Partner at KPMG, said: “School Trends is a major uniform supplier and so this deal provides welcome continuity for schools and parents. While it’s unfortunate that redundancies had to be made, we are pleased that a deal could be secured quickly prior to the New Year to save the business and continue trading. The new leadership team is committed to getting up to speed in addressing outstanding orders, but also to press on, invest in the business and further improve its offering.” 

Richard Tripp of Pinsent Masons LLP acted on behalf of the Joint Administrators and David Arundel of Schofield Sweeney LLP acted on behalf of Barlow Park Limited. 

Customer and supplier enquiries should be directed to: 0114 251 2501.

 - ENDS - 


For further information contact:

Alastair Henry, Citypress (on behalf of KPMG Corporate Communications)

T: +44 (0)161 235 0320

E: Alastair.Henry@citypress.co.uk 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff.  The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Connect with us

 

Want to do business with KPMG?

 

Request for proposal