pandemic has demonstrated the fundamental strength and resilience of the business, and we they continue to reposition the business to drive
including our expertise around convenience and brand partnerships and our successful
and Zuber have built EG Group into a global convenience retailer and will now bring that
Burnley and the management team at Asda to build on the business’ inherent strengths and
they have no previous experience of running clearly do have considerable expertise around
they will look to form more partnerships with other retailers to make better use of excess
the acquisition, they will look to use their forecourts to roll out an Asda convenience
grocery sector is already overstored at a time
when consumers are either moving towards online grocery shopping or reverting back to Asda are therefore very late to the convenience
distribution centres to meet the increased
You have to give the
brothers full credit for their entrepreneurship and business guile
Nelson believes that, given debt is funding a large part of the deal, the new owners may have been attracted by the fact Asda owns the
some time in the future, they may use this as collateral for loans or to raise cash through sale-
Asda’s UK grocery market share has fallen from
Clive Black, director and retail analyst at North West-based stockbroker Shore Capital, predicts the deal will put the brothers, named in October’s
He also believes they will bring energy, agility
However, he added there were big differences between the petrol forecourt business and the
competitiveness over the last decade with the emergence of Aldi and Lidl as well as stores more than a wobble, is back on the bike and a
He said the business was operating in an industry with low margins and was going to have to service that debt and need to generate the
Clive said that if Asda’s freehold property estate was to be used at some stage to bring down
entrepreneurship is absolutely going to have three years they are going to have to deal with how Covid is going to pan out and we haven’t
ASSET FINANCE PROVIDER REPORTS GROWTH DURING LOCKDOWN
Chorley-based asset finance provider Kingsley Asset Finance has continued to increase its loan book during the last six months despite the difficulties caused by Covid-19.
been the toughest year for many SMEs, but despite the pandemic Kingsley Asset Finance has maintained a ‘business as
Jonathan Smith, managing has been a challenging time for the business, like many we have had to adapt in order to continue
was able to successfully work from home and, with careful coordination, all our systems and processes have functioned to service our customers remotely getting funds out quickly, which has been key
At the beginning of the year Kingsley was set to celebrate
optimistic about having a record have been put on hold, the company has experienced growth
lockdown in March we have funding a wide variety of business assets totalling in
Kingsley is
set to celebrate 25 years in business
He puts the success of the business down to its excellent reputation that has been built on performance and growth over the last quarter of a century and the dedicated
Kingsley Asset Finance move to its operations and continue to
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