Administrators at MCR have sold Typhoon Housewares, the kitchen accessories
designer to rival Rayware, but all staff were made redundant.
Rayware only picked up the assets and intellectual property of the troubled
Paul Williams and Philip Duffy were appointed joint administrators of the
business on 25 May.
Williams said: “Through an effective administration process we secured the
future of an iconic UK brand, which has a long history and association with
quality houseware products found in some of the best high street stores.
“Unfortunately, we were forced to make all staff redundant as Rayware Limited
acquired the assets only.”
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