Deloitte’s Ian Brown and John Reid of Deloitte have been appointed
administrators of Pimpernel International Limited, a County Durham-based
Pimpernel has met with cashflow difficulties following the re-sourcing of
production to China.
The administrators have announced 69 redundancies, but are looking to sell
the rest of the business as a going concern, with 31 staff still employed at the
Pimpernel’s US subsidiary and a joint venture operation in Thailand are not
in any insolvency procedures.
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