Jobs at risk as Kleeneze enters administration

Fri, 13 Apr 2018 | ADMINISTRATION

Household and beauty product manufacturer Kleenese Limited has announced it has entered administration after 95 years in operation.

The firm, which employs 140 people and distributes via a network of 5,000 independent sales distributors, revealed that tough trading conditions were responsible for the decision, which was announced by the administrators during the week.

David Acland, Joint Administrator from appointed firm FRP Advisory, has suggested that a buyer will now be sought to prevent the loss of jobs and ensure the future of the company.

Encouraging possible candidates to come forward, Mr Acland said: "The business has ceased to trade but we would urge any parties interested in acquiring the business to contact us as soon as possible. In the meantime, we are assisting employees and stakeholders during this difficult period."

According to the administrators, a decision is yet to be made about the future of the company's network of self-employed distributors, who operate by delivering catalogues around the UK and Ireland and earning rewards for each sale they make.

Currently, Usdaw, the trade union for Kleeneze staff, is seeking a meeting with the administrators to discuss the protection of the company's workers during this "difficult and upsetting time". Annette Bott of Usdaw Area Organisers has suggested that all staff members are hoping the firm can be taken over quickly to avoid any disruption to their jobs.

"We are pressing the administrators to find a buyer for the company who will protect jobs and keep the business going," she added. "In the meantime we are providing our members with the support, advice and representation they need."


Share this article



Latest Businesses for Sale

Temperature-Controlled Van Conversion Specialists
UK Wide

A genuine independent specialist, regulated by the FCA and SAF, the business has negotiated discount terms with a range of leading manufacturers. Our client is also an approved, authorised installer and repairer for high-profile suppliers into the au...

Asking Price: Offers Invited
Turnover: £12,000,000

Specialist Seating Manufacturer
UK Wide

Manufactures a range of specialist seating for those with debilitating conditions, including neurological conditions, along with specialist paediatric care chair manufacturing. Unlimited bespoke manufacturing capabilities. Offers invited.

Asking Price: Offers Invited
Turnover: £941,000

LEASEHOLD


Electronic Cigarettes, Vaporisers & E-Liquids Distributor
UK Wide

Provides own-brand e-liquids as well as manufacturing for other e-liquid suppliers. Additionally, the company retails third-party e-liquids and hardware alongside the sale of raw materials. Main client base are private customers with the company also...

Asking Price: Offers Invited
Turnover: £3,700,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

 
17
 
Sep
 

Impact REIT snaps up Suffolk-based Cardinal Healthcare business | BUSINESS SALE

Impact REIT has successfully acquired Cardinal Healthcare, a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

 
17
 
Sep
 

Impact REIT snaps up Suffolk-based Cardinal Healthcare business | BUSINESS SALE

Impact REIT has successfully acquired Cardinal Healthcare, a...

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