Mon, 09 Feb 2015 | ADMINISTRATION
A haulage and engineering company has gone into administration, prompting the search for a potential buyer.
Historic haulage firm T.Baden Hardstaff Ltd also maintains commercial fleets under the name Hardstaff Haulage and Charnwood Truck Services. Will Wright and Mark Orton of KPMG were appointed as administrators on 6 February.
Unfortunately, 180 of the 232-strong workforce were made redundant as a result of the administration, with KPMG blaming it on the difficult climate. Fifty-two employees remain at the 150-year-old firm based in Gotham near Nottingham to aid the administrators with their work.
Wright explained: "Unfortunately, following a review of the position and the difficulties with continuing to trade, we have had to take the difficult decision to make 180 staff redundant.
"The remaining employees are supporting us whilst we explore a possible sale of parts of the businesses. Our team of employment specialists will be supporting all redundant staff on completing redundancy forms and putting them in touch with job seeker services.
"The Hardstaff Traffic Barrier Services business is not in administration and continues to trade as normal. We hope to find a buyer for it."
______________________________________________________________________
Related information:
Contact the administrators
For more businesses in administration click here
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
Established respected business, holding valuable private and public sector client base, there being a number of key clients, some paying a retainer and from which regular repeat business is received ensuring a substantial pipeline figure.
A specialist manufacturing business of quartz and granite kitchen and bathroom worktops. It has been established in conjunction with retail premises (retail premises are also available if required). It offers a supply and fit service and is located i...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
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.