Tue, 04 Jan 2011 | ADMINISTRATION
A home improvements business based in the North West has been placed into administration for the second time in under two years.
The Denton, Tameside-based Malbern Windows & Doors, which supplies uPVC windows and doors, has called in Sarah Bell and David Whitehouse from the Manchester office of insolvency firm MCR to act as administrators.
MCR is on the hunt for a potential buyer for the business, which operated from the 80,000 sq ft Malbern Industrial Estate and employed 160 people under the leadership of chairman Stuart Kenyon.
Alongside the potential sale of the business, a separate deal is likely to be struck to buy Conservatory Coloured Glass (Lancaster) Ltd, Malbern Windows & Doors' Heysham-based subsidiary. This deal would ensure that all workers could be re-employed.
Malbern Windows & Doors was initially set up as Droylsden Glass in 1981, selling only to trade clients. Malbern Windows was founded in 1983 and sold conservatories to private customers.
However, its predecessor firm Malbern uPVC Windows & Doors was forced to file for administration in early 2009 following the downturn in the UK housing market.
A 'pre-pack' administration deal was agreed upon with administrators Leonard Curtis to buy the business and assets back for £235,000 through Malbern Windows & Doors Ltd. But, despite making a pre-tax profit of £117,000 on sales of £12 million, the firm called in administrators once again in December last year due to ongoing financial woes.
Utilises a large fleet of articulated units and trailers to provide transportation and delivery services depot-to-depot via fully loaded trailers. Provides its comprehensive service offering for several blue-chip organisations. Receives a high volume...
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.