Tue, 06 Jun 2017 | ADMINISTRATION
In a move that has saved more than 100 jobs, a group of historic textile manufacturers in Greater Manchester has been sold out of administration.
The companies, which undertake projects for brands such as Mothercare, Marks & Spencer and John Lewis, went into administration on 23 May 2017, with RSM appointed as administrators.
Cliq Designs, JH Cunliffe & Company, Bolton Textiles and Inhome Soft Furnishings are respected local brands with a long history in providing sewing services to the textile industry spanning products such as bedding, curtains and clothing for an assortment of household brands.
RSM cited increased competition and cash flow issues as the main reasons the companies, based across two sites in Bolton and Rochdale, were struggling.
Following on from action by the administrators the group of companies were sold to newly incorporated company Bolton Textiles (Group).
Jeremy Woodside, RSM Restructuring Advisory partner and joint administrator, said: "The deal saves a group of historic Lancashire manufacturers, which is not only great news for the 102 employees and the wider Lancashire economy, but it ensures continuity to the companies' loyal customers."
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
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.