Thu, 26 Jan 2017 | ADMINISTRATION
Administrators appointed to a collapsed Leeds-based group which supplies facades and shopfronts and boasts a stellar client base say they are seeking interest in the businesses and their assets.
Drawn Metal and DML Architectural Systems, which employ 70 staff, went into administration after incurring losses on a big out-of-town contract, putting dozens of jobs at risk.
The two firms had a combined turnover of £9 million in 2016 and have world-famous brands including Calvin Klein, Ferrari and Lacoste on their books, as well as experience in working on large-scale retail developments and construction projects.
Based in Bramley, Drawn Metal is a supplier of bespoke facades and shopfronts, while DML Architectural Systems specialises in curtain walling, windows and cladding.
Administrators Begbies Traynor said: “Having traded since 1924, DML has become known as a leading name in facades, particularly for the retail sector, but, unfortunately, losses on a significant out-of-town contract has resulted in the directors appointing administrators.
“We are in the process of assessing the situation in order to achieve the best possible outcome for creditors and the 70-strong workforce.
“The companies have an excellent reputation and we are seeking interest in the business and assets.”
An associated company, Drawn Metal Holdings, is not in administration.
Find building and construction businesses for sale.
This stunning multi-function restaurant in Hertfordshire offers an exceptional opportunity with its full A3 and alcohol license, operating only four evenings a week and boasting a remarkable turnover.
LEASEHOLD
This West London high street restaurant presents an enticing opportunity with its prime double-fronted location and full A3, A5, and alcohol licences.
LEASEHOLD
This is a rare opportunity to acquire a well-known and highly rated destination gastro-pub in Essex, featuring a spacious 3-bedroom owner’s flat and a full A4 licence.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.