Case Studies
We have been privileged to have been instructed by our clients on a number of notable cases. Below are a selection of case studies to demonstrate a flavour of our work.

The Polish Bakery

Manufacturing

Purpose

Administration

Sector

Food Manufacture

Task

Valuation, Marketing & Sale

Location

United Kingdom, London

The administration process of The Polish Bakery has been managed with sensitivity and professionalism to safeguard its valued assets and heritage. At Wyles Hardy & Co, we are dedicated to delivering a transparent and efficient process to achieve the best possible outcome for all stakeholders. – Dave Fletcher, Director of Wyles Hardy & Co.

Overview

The Polish Bakery, a long-standing family-run business, faced closure due to market pressures and internal management issues. Wyles Hardy & Co. was engaged to oversee the valuation and sale of the business’s diverse assets, including commercial production equipment (at the premises in Wembley and in storage in Suffolk) and motor vehicles. This case study explores the process used to maximise asset value and recover funds for creditors.

Method

Wyles Hardy & Co. conducted a multi-faceted valuation, assessing physical assets like industrial baking equipment based on age, condition, and market conditions. A segmented sales strategy was adopted, with equipment and vehicles sold via online auctions, and private negotiations. Pre-auction marketing targeted global buyers, ensuring a wide reach for the sale of the tangible assets.

Results

  1. The sale of baking equipment exceeded initial expectations, drawing international bids.
  2. The factory real estate was sold to a regional food production company at near market value.
  3. The bakery’s brand, recipes, and customer contracts were sold to a competitor, securing a significant sum.

Conclusion

Wyles Hardy & Co.’s multi-channel sales strategy successfully maximised returns for creditors despite challenges such as perishable goods and specialised assets. Their agile response to the need for rapid provision of initial valuation advice, strategic overview and inventory sales minimised losses. Targeted marketing efforts ensured that both physical and intangible assets were promoted effectively to the right buyers. This case highlights the importance of strategic asset valuation, industry-specific expertise, and flexible auction approaches in liquidation processes.

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