Boxclever (styled as “boxclever”) is a British electronic and domestic appliance rental chain that was founded in 2000 by the merger of Radio Rentals and Granada Rentals.[2][3] The company originally operated through high street stores but later moved to an online-only service.[4][5] The company was sold to WestLB and went into administration in June 2003,[6] causing WestLB to register their €650 million bad debt charge.[7][8][9][10]
The company was bought out of administration in January 2005 by Fortress Investment Group for £135 million.[11] Fortress and Cerberus sold the business to Weight Partners in May 2011.[12]
External links
References
- Home boxclever.co.uk^
- Box Clever deal saves 400 jobs Independent, 6 May 2011, retrieved 30 March 2013^
- Damian Reece. Alchemy offers £200m for Boxclever buyout Telegraph, 21 September 2003, retrieved 30 March 2013^
- By Tom Bawden. Hands set to buy back struggling TV business The Times, 7 January 2004, retrieved 30 March 2013^
- Great Service, Great Sets: Remembering the TV Rental Shop: The Lost Precinct mancunian1001.wordpress.com, 26 March 2020, retrieved 3 November 2020^
- Why Boxclever wasn't very clever after all telegraph.co.uk, 28 September 2003, retrieved 3 November 2020^
- By Tom Bawden. WestLB pulls plug on boxclever service unit The Times, 25 September 2003, retrieved 30 March 2013^
- The Law of Corporate Finance: General Principles and Eu Law Springer Publishing, 2010^
- Stuart Slatter. Leading Corporate Turnaround: How Leaders Fix Troubled Companies Wiley, 2006^
- Boxclever blow for Saunders Standard, 24 September 2003, retrieved 30 March 2013^
- Boxclever set to be sold at big loss www.standard.co.uk, 18 January 2005, retrieved 12 June 2018^
- James Thompson. Weight Partners buys rental firm Boxclever Independent, 6 May 2011, retrieved 30 March 2013^