RSM Bentley Jennison called in at Cardale Group
Insolvency experts from mid-tier firm looking for a buyer after troubled garage door company goes into administration
Administrators from RSM Bentley Jennison have been called in at
Cardale Group, the struggling
company which caters for 40% of the UK’s residential garage door market.
Simon Thomas and Fred Satow are now keeping the company trading while looking
for a buyer.
The companies in administration comprise Cardale Group Limited, Cardale
Properties Limited, Cardale Doors Limited, Bowburn Limited and Wessex Garage
Simon Thomas, joint administrator, said:
‘We are very optimistic that there will be a high level of interest in the
group, given their significant market share, established brand names and
multiple locations across the UK.
‘As such, we will be looking for a quick sale.’