Ernst & Young administrators Simon Allport and Tom Jack have stepped in
at PVC Group Plc and various subsidiary
companies, helping save 131 jobs in the process.
The pair were appointed last week at the business, which is involved in the
compounding and extrusion of PVC.
Shortly after appointment Simon Allport said E&Y had successfully sold
three of the group’s subsidiaries
(Eagley Trade Extrusions
Limited, PVC (Powders) Limited and Pulse Building Plastics Limited) as going
concerns, securing approximately 131 jobs.
The administrators are currently seeking a buyer for the business and assets
of the group’s Polycol division based at Stalybridge.
Administrators have made 44 redundancies across the Group.
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
Smith & Williamson has been appointed administrators of charity 4Children