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Receiver optimistic on finding Impulse buyer.
Despite the closure of nearly half of Impulse Entertainment's 24-out-let chain, administrative receiver BDO Stoy Hayward is optimistic it can sell the retailer as a going concern.
The accountancy group's business recovery service was brought in on March 21 after the Hertfordshire-based retailer -- which has annual turnover of around 9m [pounds sterling] -- began to incur financial losses at some of its outlets. BDO joint receiver Ray Hocking says the rapid expansion of the 150-staff chain was one of the reasons why it had been forced Into receivership.
A total of 10 Impulse stores have been closed, with some of the closures prompted by the fact that Impulse ran some stores as concessions, which are automatically terminated as ...
- Football: QPR get new hope.(Sport)
- Newspaper article from: Birmingham Evening Mail (England) May 18, 2002 700+ words
...hours after Bradford became the latest club to go into administration, there was brighter news for QPR. Joint administrators Ray Hocking and Simon Michaels have completed the refinancing of the Second Division club and will be taking steps to take QPR out of...
- QPR rescue scheme hits major snag.
- Newspaper article from: The Evening Standard (London, England) Jones, Chris Spall, Leo April 4, 2001 700+ words
...the [pound]20m he says he has spent on QPR and Wasps. Loftus Road chief executive David Davies said: "Administrator Ray Hocking and myself will be seeking further clarification from Chris. His comments have taken us all by surprise." Davies added...
- Wright: I don't want my [pound]20m.
- Newspaper article from: The Evening Standard (London, England) Jones, Chris Spall, Leo April 3, 2001 700+ words
...First Division, have been losing more than [pound]500,000 a month. The man who has been appointed administrator is Ray Hocking, from BDO Stoy Haywood Business Recovery Services. He is meeting with the Players' Football Association tomorrow to discuss...
- Wasps sold to Wright for [pound]5m.
- Newspaper article from: The Evening Standard (London, England) Spall, Leo April 6, 2001 700+ words
...first part of his plan but a bid for the Rangers and their ground has yet to be accepted by the administrators. Administrator Ray Hocking said: "We are pleased to have negotiated a successful deal for the rugby club in such a short space of time. "It will...
- Charlton are switching on radio riches.
- Newspaper article from: The Evening Standard (London, England) Spall, Leo April 5, 2001 700+ words
...season after they went into administration and fears of staff cost-cutting were raised, writes Leo Spall. Administrator Ray Hocking held a meeting with the Professional Footballers' Association yesterday to discuss ways of lowering the club's costs...
- [pound]6.5m bid to take QPR 50 miles along the M1.
- Newspaper article from: The Evening Standard (London, England) Spall, Leo June 7, 2001 700+ words
...season, a number of attempts have been made to buy the football club but all have been rejected, although administrator Ray Hocking said: "Every offer we receive is properly considered." One scheme was for Wimbledon and QPR to merge, with the new...
- Lavenham Rug goes under
- Newspaper article from: The Independent - London September 28, 1995 700+ words
...which makes products for the horse-riding set has gone into receivership because of an overambitious attempt to expand. Ray Hocking and Peter Byatt of BDO Stoy Hayward have been appointed receivers and are confident of selling the Sussex-based business...
- THE Game.
- Newspaper article from: The Mail on Sunday (London, England) December 5, 2004 700+ words
...Park this year. Hocking keeps interest in QPR QUEENS Park Rangers have been surprised to find themselves negotiating with Ray Hocking over the debilitating [pounds sterling]10 million loan taken out with mysterious Panamanian company Hocking was the administrator...
