All 11 jobs have been saved at Leeds hairdressers Allertons after it was sold out of liquidation by business turnaround specialist Wilson Field.
The business, which offers women’s and men’s hairdressing, colouring, beauty treatments, massage, makeup, fragrance and home fragrance, has been acquired, and will be operated by, the existing management team lead by managing director Nicholas Nicola.
Leeds-based Wilson Field was appointed to Allertons on 19 January this year.
The salon, which was based in The Light on The Headrow, had experienced a difficult trading period after spiralling costs and lack of space meant they had to restructure.
Joint liquidators Kelly Burton and Lisa Hogg from Wilson Field worked closely with Nicholas Nicola to secure a future for the company and secure all 11 jobs.
Kelly Burton, associate director and insolvency practitioner at Wilson Field in Leeds, said;
“The company ran into financial difficulties initially after spiralling costs.
“The company has now moved into The Queens Arcade in Leeds with the same team. It is always satisfying when a well-known and established business can be saved. From what was a difficult situation has emerged a good result.”
The total value of the deal is undisclosed but includes the business and the assets of the company which has been operating since May 2014.
Allertons managing director Nicholas Nicola said;
“This has been a difficult period but I am pleased with the outcome.
“All staff jobs have been retained. We are now looking forward to a bright future with the same team, the same high quality products and continuing our high standard of service to our loyal customers.
“Effective teamwork between all parties has turned this deal around very quickly and it is gratifying that as an established local business, we can continue to trade.”