Dow Schofield Watts LLP has advised the purchaser on the acquistion of Teleview Direct Limited.
Deal Number: 25
Deal Completed: 23/05/2005
Price Paid: £ 6.3 million
How Satisifed: Cash
N Brown Group initially invested in Teleview Direct Limited in April 1999. The company, based in Golborne offers a wide range of home entertainment and kitchen appliances from leading brands like Toshiba, Samsung, Phillips and Hotpoint for rental.
In the year to February 26, 2004 Teleview posted sales of £5.7 million and a loss before interest and tax of £700,000. Net assets were approximately £7.3 million.
