Administrators from KPMG have warned that 400 jobs will be lost at Benjys.
Myles Halley and James Money from KPMG said that 46 branches of the sandwich
chain will be closed now that is has gone into administration for the second
time since July last year, after struggling to make rent payments in tough
KPMG said that although jobs will be lost, it was looking to sell the
business as a going concern.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies