Blair Nimmo and Geoff Jacobs of KPMG and Joint Administrators of Librance Limited have appointed Hilco Valuation Services to actively seek interested parties with regards to the sale of the assets of Librance.com an online retail brand specialising in the sale of skates, skateboards, stunt scooters, BMX’s and BMX hardware, clothing and accessories.

Background
Founded and trading since 2003, Librance is an Action Sports brand that has been the largest action sports brand in Scotland for a number of years having had a physical presence in Edinburgh and Glasgow and a strong online presence.

Librance has always supported and been supported by the most well respected brands in the space and has been one of the only UK partners of Billabong and one of three retailers that teamed up with Nike to launch their new action sports line.

The Librance brand is associated with quality and customer service (excellent independent reviews should be reviewed at Feefo.com) and has always been at the forefront of new technologies and brands in the action sports space.

Librance received particularly broad press coverage by being the first importer of swegways and its association in starting Go Big or go Home, one of the largest ski/snowboard freestyle competitions in the UK.

 
Librance 4 Year Financial Overview
Historically the Company has generated total revenue of around £300k, this decreased in FY 2017 as the Company closed its Glasgow store in March 2016 and moved to focus solely on its online operations having invested in SEO optimisation. Although the Company opened its e-commerce channel in 2005, it was not until November 2016 that it’s e-commerce website became SEO optimised and ranks on the first page of Google for a number of products.

•     FY2017 Total Revenue: £122k
•     FY2016 Total Revenue: £317k
•     FY2015 Total Revenue: £294k
•     FY2014 Total Revenue: £292k

 
Available Assets

•     Goodwill rights in the Librance brand and reputation through over 10 years of trading and the
      ability to trade mark this established brand as well as opportunities for brand expansion.
•     Fully functioning e-commerce website – SEO optimised and marketed via PPC
•     Branded domain names - www.librance.com and www.librance.co.uk
•     Strong social media presence (with original content across Facebook, Instagram,
      Twitter, Youtube and Pinterest accounts)
•     Customer lists – approximately 7,000 unique customer email addresses
•     Stock worth c.£50k at RRP including – branded clothing, skateboards, heelys, ramps,
      scooters, protection, skates, longboards, bikes

Diligence & Sale Process
Hilco Valuation Services is currently soliciting interest in the assets from qualified buyers. Diligence information will be provided to interested parties upon execution of a non-disclosure agreement. Bid Submission: Bidding instructions will be provided by Hilco Valuation Services in advance of the bid deadline. Terms and conditions apply.


Bid Deadline: 7 September 2017 at 4:00 PM BST

For further information and to request an NDA, please contact: Nat Baldwin, Hilco Valuation Services
Email: nbaldwin@hilcoglobal.eu        
Phone: +44 (0) 141 406 3197
Mobile: +44 (0) 780 341 6597