A Koi carp business has been sold following the appointment of Mike Dillon and Andrew Knowles of Leonard Curtis as joint administrators.
Based in Wanlip, near Leicester, Queni Koi was formed in 2010 to source high quality Koi carp from Japan. Following a period of financial instability, mainly due to increase trading overheads and reduced sales earlier this year, the director sought professional advice.
A sale of the business and assets has been completed to BIAS IT Limited, an unconnected company, which has enabled continuity of the business.
Lead administrator Mike Dillon said: “The transaction ensures continuity for the Queni Koi brand under new ownership.”
Paul Duckett, director of BIAS IT Limited, said: “I look forward to the opportunity to bring stability and growth to the Queni Koi brand, a well-respected industry leader for many years. A full restock and expansion of the products and services is already under way.”
He added: “The Queni Koi brand joins the BIAS IT group of family-run businesses whose ongoing success and strength are based on its high-quality customer service and customer-first approach.
“The restocked shop in Wanlip is open for business and we look forward to welcoming customers both old and new.”
