The business and assets of Elonex Public Limited Company, the
London-based computer and IT services provider, has been sold by Deloitte to
Applied Film Industries Company plc saving the jobs of 48 employees.
The sale was facilitated by Deloitte administrators Neville Kahn and Nick
Edwards, who said that Applied Film Industries was now responsible for running
Administrator Neville Kahn said the sale provided ‘an excellent platform for
the business and the workforce to prosper in the future’.
‘The workforce in particular has maintained support for the administration
throughout this very uncertain time and this has been an important element in
securing the successful sale of the business,’ he added.
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