MORE THAN 100 workers have been made redundant at a metal manufacturing company following the appointment of KPMG partners as administrators.
The employees were from PCS Brands, a metal manufacturing business that makes metal bakeware, cookware and wine racks together with the distribution of cutlery under the Viners Brand.
The business, which has now lost a third of its 300 staff, operates from a number of production facilities in the West Midlands, Lancashire, Norfolk and Yorkshire and has its head office is in Acton, London. It also operates a retail division via 30 outlets in the UK, and one in the Netherlands.
Joint administrators, Will Wright and Paul Flint, hope to find a buyer for the business and have retained a skeleton workforce at the various production and warehousing facilities whilst stock levels are realised.
Paul Flint, partner at KPMG and joint administrator, said: “Unfortunately the PCS Brands has experienced significant trading difficulties for a while and has been unable to sustain the business resulting in our appointment as administrators.
“The business has a number of retail and wholesale outlets across the UK and we are very keen to hear from anyone who may be interested in purchasing all or part of the business and its stock.
“We have retained staff to help us fulfil current orders and support customers during this time, but have unfortunately had to make some redundancies across the business. We would encourage any interested parties to contact the joint administrators as soon as possible.”
The redundant employees were based at the firm’s Oldbury, Acton and Burnley sites.
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