SHOPFITTERS to Heathrow’s Terminal 5 have called in administrators from KPMG.
The administrators were appointed on 31 January and continued to operate the business in order to complete outstanding work in progress. However, a statement from the administrators has said that operations have now ceased and all employees have been made redundant.
Smith, joint administrator and restructuring associate partner at KPMG, said: “Declining sales at Jarose Woodworking significantly impacted cash flow and the business’ ability to meet its liabilities.
“The joint administrators are exploring options to realise the best results for the company’s creditors.”
Jarose fitted shops in the retail sector, such as BHS, Thomas Pink, and Molton Brown, as well as restaurants and bars such as Domino’s Pizza, Chiquito’s and Garfunkels.
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