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Threshing out a deal!

Jim Riley

3rd January 2010

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Thresher Group went in to administration in October 2009. KPMG were appointed as the appointed administrators and initially were optimistic about the ability to sell the business as a going concern. Inital interest in the group was high but failed to manifest when the deadlines approached for bids.

KPMG have only sold 90 stores out of a total of 1202 stores nationwide. The main problem affecting sales is the lack of finance available from financial institutions.

Read the article here

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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