Edwin Coe advises on the pre-packaged sale of award-winning mattress and bedding specialist

Edwin Coe is delighted to announce that it has advised Adam Harris and Patrick Lannagan of Mazars LLP as joint administrators of Dormeo UK Limited, on the pre-packaged sale of the business and assets of Dormeo to mattress and furniture manufacturer United T and C Limited.

Based in High Wycombe, Buckinghamshire, Dormeo UK is the British wholesaler and retailer of the Dormeo® bedding and sleeping solutions brand, which offers top quality Italian-designed, European-made memory foam mattresses direct to domestic customers in 40 countries worldwide.

Adam Harris and Mark Siddall of Mazars said: “We are delighted to have been able to complete the sale of Dormeo as quickly as possible with the assistance of the Edwin Coe team. The sale of Dormeo protects hundreds of jobs, ensures that customers don’t lose out and preserves the brand that Dormeo has built up over the last 20 years.”

“A quick sale has meant that customers, suppliers and staff have not had to go through a period of protracted uncertainty, something that we are always keen to avoid in administrations.”

Edwin Coe’s multi-disciplinary team was led by Corporate Partner Jamal Saleh, alongside Katie Braddell (Trainee) with assistance from Christina Fitzgerald (Partner) on insolvency issues, Alexandra Bonner (Partner) and Elliot Francis (Associate) on the employment side, and Neil Flynn (Senior Associate) on property matters.

Jamal commented “It was a pleasure to successfully complete this transaction alongside the team at Mazars in just 4 days. It’s the latest in a series of business and asset sales on a pre-pack basis or otherwise out of administration which Edwin Coe has worked on across a range of business sectors, acting for not only administrators but also buyers.”

“While it is a sign of the times that recognised brands like Dormeo have faced insolvency, it is encouraging that there are businesses and investors around, like United T and C Limited, who are able to take on these businesses and save jobs in the process,” added Christina.