DAINS HAS SOLD Manchester Hosiery out of administration after eight months.
Administrators from Dains saved 30 jobs at the knitwear manufacturer following its sale to Aikon International.
Manchester Hosiery has been in existence for more than one hundred years, and specialises in underwear and outerwear garments.
The deal, for an undisclosed sum, sees Hong Kong-based Aikon take over the business. Aikon has pledged to continue manufacturing fro the Hinckley factory.
Dains director Andy Stevens praised the staff for their continued support throughout the administration.
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