Business and Assets Acquisition Opportunity

Project Walkway

Hilco Streambank is seeking offers to acquire the business and assets of a company (the “Company”) that deals in the retail of a wide variety of branded footwear from the Company’s specialised stores for all ages. Management advise that the Company is one of the largest independent shoe retailers in the UK.



The Company has been established for nearly 70 years within the footwear industry, and further acquired an additional trading brand with over 100 years of heritage. The Company aims to provide stylish, yet affordable footwear to the consumer, focussing on promoting serviced fitting and quality care of its customers. The Company retails a wide variety of shoes and goods from numerous well-respected and recognisable fashion brands, such as Gabor, Ecco, Fitflop, Loake, Timberland, Clarks and Start-rite.

The Company has also developed strong relationships with a number of high-profile private schools in the South of England, being noted as the approved supplier of school uniform footwear for pupils. Management advise that these relationships have resulted in a highly successful peak in its yearly trading over the Back to School period of August and early September.



Management advise that there is a significant opportunity for a buyer to take over the business and enjoy a number of cost-savings over the coming years. The majority of the Company’s stores are profitable, and Management believe that there are significant cost reductions to be gained from a relocation of the Company’s head office and warehouse. Further, the majority of the Company’s leases are due for renew in 2021, and Management anticipate a renegotiation of these in the Company’s favour, given the current market. With the right buyer, these cost reductions could be leveraged to turn the business to further profitability.

Business Assets Highlights


There is in excess of £3.3m, at cost, of current and seasonal Ladies, Men’s and Children’s shoe stock which is evenly distributed among the Company’s estate of high street retail units.

Leasehold Premises

The Company occupies a mixture of freehold and leasehold stores. The majority of leasehold stores are due for renew in 2021, meaning more favourable rates can be sought after on the existing buildings given the current market. The Company headquarters and warehouse premise is also leasehold, and Management advise that the head office could easily be relocated or merged with an interested parties’ current operation in order to lower costs.

While certain of the Company’s freehold properties are available for sale as part of the core sale of business, those retained by the Company post-sale are capable of being leased to a buyer at a favourable rate by the Company.


The Company trades from 6 leasehold and 6 freehold stores in affluent London suburb/commuter areas of London. The majority of the leases have short terms to expiry, or breaks, allowing the opportunity for renegotiation to obtain considerable occupational savings.

Intellectual Property Rights

The Company trades under two consumer-facing brands, each with significant heritage in the industry. The Company markets its stores via the Company’s website, generating 45k annual views. The Company holds rights to a number of domain names linking to its website.

Key Management Personnel

Key Management personnel have indicated they would be open to continuing with the business in an advisory role post-sale as part of a handover period in order to ensure a smooth transition for a buyer.

Sales Process

Please contact Hilco Streambank to obtain an NDA and gain access to further information regarding the sale process. A Bid Submission Form for submitting bids for the business and assets is available on request.

Key Terms & Conditions

The bidder acknowledges that Hilco acts as an agent for the Company who offers for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco and bidders are deemed to have carried out their own due diligence of the assets.

A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. VAT, if applicable, at 20% will be added to the price. Legal completion to occur within 5 business days of bid acceptance. Hilco Streambank's full Terms and Conditions apply.

Contact Us

For further information please contact the following Hilco Streambank representatives:. 

Interested Parties

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