Jobs saved at Leeds hair and beauty salon

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 - Director & Licensed Insolvency Practitioner

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.”

If you found this article informative and helpful...Please Share!

Sign up for our newsletter and support Neurocare’s ROSA robot project…

Our newsletter is full of financial advice for businesses and individuals and latest news.

We are helping Neurocare to fund their ROSA machine. This state of the art robot is the first of its kind to be brought to the UK and installed in a NHS hospital here in Sheffield. - Read More

Currently for every newsletter sign up we receive, we will donate £2 to Neurocare.

Disclaimer: We guarantee privacy with your information and you will not receive spam emails for us.