Begbies Traynor Group

27 jobs saved after administrators clinch a sale for Somerset-based footwear firm

Somerset-based-footwear-firm.jpg
Date Published: 04/04/2017

Dozens of jobs have been saved after administrators at Begbies Traynor secured a buyer for a Somerset-based footwear company.

Ian Walker, Partner at Begbies Traynor’s office in Exeter, was appointed joint administrator of The Blink Partnership Ltd, trading as Ted & Muffy, on March 15th 2017, and had to make 11 of its 38 staff redundant.

Now Mr Walker and his team have clinched a sale of Ted & Muffy - securing the jobs of the business’ 27 remaining employees.

The business sells high quality boots and shoes and has offices and a warehouse in Frome, as well as a retail store in Bath. It also has a major online retail presence, selling to customers world-wide.

The company has been sold to Duo Bootmakers Ltd, reflecting the purchasers’ intention to resurrect the former brand name of the business.

Mr Walker said: “As soon as we were appointed administrators we worked hard to find a new buyer for the business, which has continued to trade throughout this period.

“After receiving enquiries from a number of interested parties, we are delighted to have found a buyer in such a short space of time, helping to protect the local economy and also a significant number of jobs.

“Ted & Muffy is going back to its roots and we are confident Duo Bootmakers Ltd, which wants to develop its specialist offering, will be perfectly positioned to help build a more financially robust future for the business.”

About The Author

Meet the Team

Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor. Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

Contact Begbies Traynor Group

Have you been in contact previously
Key Contact

You're in Safe Hands

  • 35+ Years Experience
  • 100+ UK Offices
  • Confidential director support
  • Insolvency market leader

News Archive