BusinessBusiness RecoveryPwC secures sale of part of rental clothing business

PwC secures sale of part of rental clothing business

200 jobs saved in the process

Administrators from PricewaterhouseCoopers have found a buyer for one part of
Brooks Service Group, the national
provider of linen and work wear rental services to the hotel, hospitality and
food industries.

They have secured the sale of the work wear part of the business to
Sunlight Service Group safeguarding
some 200 jobs. They will now continue to trade the linen business as a going
concern whilst they seek a buyer. There are no redundancies at this stage.

Derek Howell, Colin Haig and Rob Lewis of PwC were appointed joint
administrators of Brooks and its subsidiary companies, including County Luxdon
in Sunderland, and Shaws Laundries at Gravesend, on 13 February 2007.

The administration follows a decrease in the value of the workstream.

Brooks operates from nine sites throughout the UK and employs approximately
1300 staff.

Further reading:

Book retailer enters administration

Related Articles

Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

19h Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

21h Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

3d Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1m Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

2m Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

6m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

7m Emma Smith, Managing Editor