Leicester instrument manufacturer sold out of administration
A Leicestershire manufacturer of percussion instruments which slipped into administration in March has been sold to an independent music shop based in Surrey in a deal worth £245,000.
Frederick Hyde Ltd, which runs Chamberlain Music in Haslemere has bought the stricken business. The deal means Percussion Plus's Market Harborough operation will close.
Percussion Plus, which was set up in 1987, entered administration in March after cuts in school budgets meant a large part of its business was reduced. Meanwhile, other customers ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...