The UK’s largest manufacturer and supplier of assembled cabinet furniture has
entered into administration.
Employing 556 employees and based in Sunderland, it has blamed significant
losses on the severe retail downturn in the UK over the last 12 months.
Ian Green and Edward Klempka of PricewaterhouseCoopers have been appointed joint
‘We are currently undertaking a full review of the business with a view to
trading on while we seek a buyer,’ said Klempka.
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