Boxclever
 | This article needs to be updated. (January 2014) |
| Company type | Private |
|---|---|
| Industry | Consumer electronics & major appliance rentals |
| Predecessor | Granada Rentals Radio Rentals |
| Founded | April 2000 |
| Defunct | June 2003 (original) |
| Fate | Administration (original) |
| Successor | Home Technology Finance Limited t/a Boxclever[1] |
| Headquarters | , |
Area served | United Kingdom |
| Website | boxclever |
Boxclever (styled as 'boxclever') is a British electronic and domestic appliance rental chain that was first launched in April 2000, by the merger of Radio Rentals and Granada Rentals.[2][3] The company originally operated through high street stores,[4] but later moved to an online only service. The company was sold to WestLB,[5] and went into administration in June 2003, causing WestLB to register a €650 million bad debt charge.[6][7][8]
The company was bought out of administration in January 2005, by Fortess Investment Group for £135 million.[9] In May 2011, the Fortress and Cerberus sold the business to Weight Partners.[10]
References
- ^ http://www.boxclever.co.uk/
- ^ "Box Clever deal saves 400 jobs". London: Independent. 6 May 2011. Retrieved 30 March 2013.
- ^ Reece, Damian (21 September 2003). "Alchemy offers £200m for Boxclever buyout". London: Telegraph. Retrieved 30 March 2013.
- ^ "Hands set to buy back struggling TV business". The Times. Retrieved 30 March 2013.
- ^ "WestLB pulls plug on boxclever service unit". The Times. Retrieved 30 March 2013.
- ^ The Law of Corporate Finance: General Principles and Eu Law. Springer Publishing. 2010. p. 377. ISBN 978-3-642-03057-4.
- ^ Slatter, Stuart (2006). Leading Corporate Turnaround: How Leaders Fix Troubled Companies. Wiley. pp. 215–216. ISBN 978-0-470-02559-8.
- ^ "Boxclever blow for Saunders". Standard. Retrieved 30 March 2013.
- ^ "Boxclever set to be sold at big loss". www.standard.co.uk. 18 January 2005. Retrieved 12 June 2018.
- ^ Thompson, James (6 May 2011). "Weight Partners buys rental firm Boxclever". London: Independent. Retrieved 30 March 2013.
External links
 | This article about a company of the UK is a stub. You can help Wikipedia by expanding it. |