KPMG administrators called to Amdega
Mark Firmin and Brian Green appointed administrators to conservatory business
Mark Firmin and Brian Green appointed administrators to conservatory business
KPMG ADMINISTRATORS have been appointed to conservatory manufacturing business Amdega.
Mark Firmin (pictured) and Brian Green, partners at KPMG, were appointed joint administrators today.
The duo made most of the 197 employees redundant because they said there was no prospect of a sale.
Firmin said: “Amdega is a victim of the severe downturn in the big-ticket and home-related parts of the retail sector.
“KPMG’s latest Retail Sales Monitor highlighted that these businesses are being hit hardest by consumers’ lower spending patterns and that Amdega was unable to sustain the ongoing weakness in demand it was experiencing.
“Amdega had approximately 300 orders on its books at the time of the administration, so there will be some impact on customers.; our key priority is to assess this situation and communicate with them.”
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe retailer’s recent announcement that they are looking into closing up to 50 of their stores has sparked fresh discussion about the future of bricks...
View articleMP Frank Field criticised the board for scrapping an independent review in favour of having KPMG "mark their own homework” Read More...
View articleThis strategic review comes a week after the troubled construction group revealed it was battling with rising debt, deteriorating cash flows and write...
View articleUK private investor Endless LLP acquires the high street retailer, saving 840 jobs Read More...
View articlePixel Projects Limited (Pixel) has been sold by SFP, which has saved the positions of all 34 employees Read More...
View articleSteve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies Read Mo...
View articleBegbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restora...
View articleSmith & Williamson has been appointed administrators of charity 4Children Read More...
View article