PKF ADMINISTRATORS have been called to cricket equipment supplier Romida.
Kerry Bailey and Jon Newell, both partners at PKF, were appointed joint administrators of the Rochdale-based business.
The family business was formed in 1978 and claims it is one of the largest personal cricket equipment suppliers in the world. Romida employs ten staff across four shops, although a notice on the website claims that all four stores are closed until further notice.
Bailey said: “While efforts were made by Romida over the last few weeks to turn the business around and secure investment, the management took the decision to appoint administrators on 4 October 2012.”
Pixel Projects Limited (Pixel) has been sold by SFP, which has saved the positions of all 34 employees
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