BusinessBusiness RecoverySFP sells off Pixel Projects and saves all staff

SFP sells off Pixel Projects and saves all staff

Pixel Projects Limited (Pixel) has been sold by SFP, which has saved the positions of all 34 employees

Pixel Projects Limited (Pixel) has been sold by SFP, which has saved the positions of all 34 employees.

Both Simon Plant and Daniel Plant, of SFP, were appointed as joint administrators of the company on 25 October and secured a sale with all employees transferred under TUPE.

The specialist ran into financial difficulty and a petition was issued by a trade creditor. It was determined that administration could salvage the business.

Simon Plant commented: “All jobs have been secured and the company is now looking to push on and win more contracts. This is yet another example of how a business in financial difficulty is able to be rescued, enabling ongoing service to customers and to preserve the workforce.”

The multi-national audio and visual specialist, based in Leatherhead, designs, installs and maintains AV systems for blue chip clients globally. Their clients range from education, to oil, gas, medical, retail, hospitality and residential.

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