BusinessBusiness RecoveryKPMG saves jobs at Chiltern plant

KPMG saves jobs at Chiltern plant

Cashflow difficulties saw KPMG called in

The efforts of administrators from KPMG
has seen 115 jobs saved at Bicester-based
Chiltern Invadex,
after it was sold to a subsidiary of the
Powertronics
Group
.

Chiltern Invadex manufactures and installs mechanical lifting and showering
and bathing equipment for disabled and elderly people. It was placed into
administration on 4th January 2007 after suffering cashflow difficulties during
the latter part of 2006.

Joint administrator, Allan Graham of KPMG’s Birmingham practice said: ‘I am
delighted with the sale, which secures the continuation of the business and
provides certainty to the company’s 115 employees. The company is a logical
complement to the Powertronics Group which will provide it with a good platform
for the future.’

Further reading:

KPMG called in as plastics group ‘melts’

KPMG cooking up refinancing plan for Little Chef

KPMG to investigate fraud at Peter Walker

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