Group News
Former Adam Carpets site in Kidderminster sold for £4 million
Joint Administrators Joph Young and Conrad Beighton of Leonard Curtis appointed Watling Real Estate and Edwards Property Consultants to market the former Adam Carpets site in Kidderminster, with a sale recently completing for £4 million.
Oldbury-based Bhandal Properties Ltd has acquired the freehold industrial site from the Joint Administrators as an investment, adding it to their expanding portfolio.
Adam Carpets fell into administration in March 2025 as a result of adverse trading conditions within the retail sector, rising gas and electricity prices, and forthcoming increases in National Insurance contributions.
The business was an established family-run company involved in the manufacture, storage, and distribution of high-quality carpets and had operated from the site since the 1920s.
The property occupies a 6.6-acre site in Kidderminster and benefits from dual access off the A456 Birmingham Road and Hurcott Road.
Joph Young commented: “This was a substantial site and it was critical to ensure we maximized the exposure to the open market. The outcome achieved provides a significant return to the estate for the benefit of the creditors.”
Toby O’Sullivan, director in the Birmingham office of Watling Real Estate, said: “Industrial sites of this size, in this location, rarely come to market. We maintain an extensive list of active buyers for these types of properties and as a result, we were able to generate significant interest, resulting in competitive bidding for the site.”
Philip Parkinson of HCR Legal LLP in Worcester acted for the Joint Administrators and Ifzal Akhtar of Davisons Law in Birmingham acted on behalf of Bhandal Properties Ltd.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
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