Cardiff refrigeration business enters administration

Tue, 14 Jul 2015 | ADMINISTRATION

Cardiff-headquartered refrigeration and airconditioning business MacWhirter Ltd has entered administration.

The firm, which designs, installs and services refrigeration and airconditioning units, celebrated its 130-year anniversary back in 2012. However, the loss of key contracts saw business decline sharply and eventually administrators were called in on 3 July, with 52 employees made redundant and just three kept on to help wind down the business while a sale of the company is sought.

Richard Hawes and Matthew Cowlishaw of Deloitte have been appointed as joint administrators, Insider Media reported.

MacWhirter has its headquarters in the Welsh capital but also has operations in London, Horsham and Bristol. Some of the big contracts it has worked on in the past includes the Radisson Hotel in Guildford, Honda's UK logistics centre, and a maintenance contract that spanned over different 100 Marks & Spencer stores.

Richard Hawes, joint administrator and partner in Deloitte's restructuring services practice, commented: "The company has recently experienced losses from several contracts due to poor margins being achieved.

"As a result of which, the company was unable to continue to trade and the directors took the decision to place the company into administration on 3 July 2015."

Contact the administrators of MacWhirter Ltd.

View other businesses in administration


Share this article



Latest Businesses for Sale

Night Club
Warrington, Cheshire, UK Wide

Largest nightclub in Warrington. Established in 2009. Management team in place. Currently operating just three days a week. This is a retirement sale. Comprehensive Website Included. Offers invited.

Asking Price: £1,400,000
Turnover: £1,070,969

Day Nursery & Pre-School
Leicestershire, UK Wide

Charming day nursery registered for 70 children. Convenient and accessible position, excellent reputation. The business is managed by the owners with a Manager with full/part time staff. Well-presented throughout, viewing highly recommended. Offers i...

Asking Price: £335,000
Turnover: £600,000

LEASEHOLD


Windows, Doors & Conservatory Manufacturer/Fitters
County Durham, UK Wide

Prominent trading location. Established 1986. Ill health forces reasons for selling. Well presented throughout. Fully equipped. A new owner operator could benefit from marketing the business more aggressively as the business has been run in recent ye...

Asking Price: £324,995
Turnover: £366,352


View more businesses for sale

News Search

Latest News

 
04
 
Jun
 

Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS

The Restaurant Group, which owns chains including Frankie & ...

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

 
02
 
Jun
 

Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

 
25
 
Mar
 

Kaupthing plans sale of Oasis and Warehouse | BUSINESS SALE

Icelandic-owned UK women’s fashion retailers Oasis and...

 
11
 
Oct
 

Administrators called in for Links of London | ADMINISTRATION

The most recent company to fall victim to the tough trading ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources