Furniture retailer ScS has appointed bankers Investec as it eyes a potential return to the stock market six years after collapsing into administration.
Private equity owner Sun European has hired Investec ahead of a potential sale or float that could value the company at around £100m.
Sun European has owned ScS since it brought the company out of administration after it collapsed in 2008 at the height of the financial crisis.
An ScS spokesman said: “ScS today is in a strong position. The business has shown an impressive recovery and we have an exciting future ahead of us. Our performance has meant many opportunities have recently become available which we are currently exploring but we cannot confirm anything else at this time”
ScS currently has 96 stores and swung to a profit during its last results on the back of rising sales.
The furniture retailer posted pre-tax profit of £4.1m for the year to July 27, 2013, up from a pre-tax loss of £1.1m in the prior financial year.
Sales rose by 17.9 % to £245m during the period, reflecting continued growth in market share and a first full year of trading from the carpet departments across all stores.
Profitability at the Sunderland-based retailer also continued to improve with operating margin increasing to 2.3%.
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