BusinessBusiness RecoveryKPMG aims to save home improvement business

KPMG aims to save home improvement business

The hopes of almost 600 employees of a conservatory and windows maker are resting on KPMG after the firm's appointment as administrative receiver to BHD Group.

Link: For more business recovery stories

Some 275 employees of the group saw their jobs secured after BHD’s Aqualux subsidiary, which makes showers, was sold to a management buy out team.

Joint administrative receivers Myles Halley, Richard Fleming and Mark Orton will now focus on the remaining companies in the group, which operate in the home improvement market and include Portland Conservatories.

Their combined turnover is around £70m and is based on sales of windows, doors and conservatories in the Midlands and the North.

Myles Halley said: ‘We are delighted that a sale of Aqualux could be achieved so quickly. We are now hopeful that we can stabilise the remaining businesses and find purchasers for them.’

‘In the meantime, we are talking to the companies’ key customers, suppliers and employees to preserve the value of the businesses.’

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor