Listed Butcher Crawshaw Group said Monday the remaining 19 stores and the Hellaby production and distribution facility had been sold to Loughanure for about £1.4m, preserving the remaining 240 jobs.
The Joint Administrators said that the offer from Loughanure represented the 'best outcome' for the creditors, employees and shareholders of the group.
The sale completed on 1 December 2018 and secured continued employment for about 240 employees of the group, the company said.
Following the sale, the Joint Administrators would be assessing the dividend prospects for the unsecured creditors of the group and further details would be issued to the creditors of each company and the shareholders of the group in due course, Crawshaw said.
At 9:00am: (LON:CRW) Craneware PLC share price was +70p at 3000p