BusinessBusiness RecoveryKPMG administrators appointed to Pilkington’s

KPMG administrators appointed to Pilkington's

Global tile supplier Pilkington's, which counts the Hilton, Old Trafford football stadium and Tesco as customers, has called in Paul Flint and Brian Green from KPMG as administrators.

KPMG administrators are
appointed to global supplier and manufacturer of wall and floor tiles,
Pilkington’s.

Paul Flint and Brian Green from KPMG restructuring in Manchester are joint
administrators to Pilkington’s Group, as well as Pilkington’s Tiles (Ireland),
Pilkington’s Tiles, and Quiligotti Access Flooring.

Pilkington’s, which has supplied merchandise to Hilton Group and Sheraton
hotel in Dubai, employs 380 people.

Flint, associate partner at KPMG restructuring, said: “Pilkington’s has
suffered intense cash flow pressures as a result of recent adverse trading
conditions.Indeed, it’s no coincidence that the latest BRC-KPMG Retail Sales
Monitor indicated that furniture and floor coverings were the worst-performing
sectors within retail.

“We intend to trade the Pilkington’s Group business while we seek a purchaser
for the company and its assets.”

Other customers include Heathrow and Stanstead airports, Tesco, Waitrose, Old
Trafford football stadium, the Coca-Cola plant in China, Ikea in London, and
various underground stations including Kings Cross and Liverpool Street.

There have been no staff redundancies.

Further reading:

Deloitte
administrators called into caravan site operator Green Parcs

Luxury
horsecoach business hits rails

KPMG
bill £2m for Aero Inventory administration

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