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.’