BusinessBusiness RecoveryFRP Advisory saves 37 Proteam jobs

FRP Advisory saves 37 Proteam jobs

Adminsistrators sell Proteam to Paroh

ADMINISTRATORS FROM FRP Advisory have saved 37 jobs through the sale of Proteam.

The 20-year old leisure products importer and distributor entered administration last month after suffering problems following the collapse of major client Focus DIY.

Proteam has been acquired by Paroh, a subsidiary of Direct Corporate Clothing. The deal has secured 37 of the 41 jobs at Proteam.

“Trading the company for a month gave us enough time to find a buyer and we received several expressions of interest in a well-known brand that is respected among its clients in the retail market,” said Jason Baker, partner at FRP Advisory and joint administrator of Proteam.

Related Articles

FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Manor Racing Formula One team company enters administration

Business Recovery Manor Racing Formula One team company enters administration

11m Stephanie Wix, Writer
Metal Hammer publisher hits the rocks

Accounting Firms Metal Hammer publisher hits the rocks

12m Stephanie Wix, Writer
FRP Advisory appointed as administrators to Lifestyle Living UK

Business Recovery FRP Advisory appointed as administrators to Lifestyle Living UK

12m Stephanie Wix, Writer
FRP Advisory appointed administrators for pink wafer producer Rivington

Accounting Firms FRP Advisory appointed administrators for pink wafer producer Rivington

1y Stephanie Wix, Writer
SFP sells off Pixel Projects and saves all staff

Business Recovery SFP sells off Pixel Projects and saves all staff

1y Stephanie Wix, Writer
Administrators from KPMG appointed to City Motor Holdings

Business Recovery Administrators from KPMG appointed to City Motor Holdings

1y Richard Crump, Writer
Begbies Traynor appointed administrators of William Anelay

Accounting Firms Begbies Traynor appointed administrators of William Anelay

1y Richard Crump, Writer