Tue, 13 Jul 2010 | ADMINISTRATION
Scottish bedding maker Slumberdown Enterprises Ltd has been taken into administration, with Ernest & Young hired to find a new owner.
Around 100 staff face being made redundant across the plants, while two North Ireland plants may also be closed.
Tony Trench at the Unite union commented on the situation, “This is really disappointing news, especially with the staff bending over backwards to help the firm. But they have been betrayed by the management who have failed to communicate with us despite constant requests.”
“It appears the group as a whole is in trouble.”
Slumberdown manufactures quilts, pillows and sleeping bags at its Hawick plant. Its last recorded revenues for the year to 31 march 2008 totaled £24 million, with a pre-tax profit of £113k.
Meanwhile, textiles manufacturer, Peter Scott & Co, which entered administration in May, was recently purchased by duffle coat maker Gloverall Plc as a going concern.
Around 120 of the company’s 140 employees lost their jobs when it was hit by the recession. The remaining staff will transfer over to the new owner.
A wireless communications company based in Edinburgh, has fallen into administration, with administrators now marketing the company’s assets, including its intellectual property portfolio, for sale. Offers are invited.
This international organisational consulting and training business boasts over two decades of success, leveraging a prestigious PMI authorisation to provide top-tier project management training worldwide. With a unique partner-led model and significa...
This is a well-established brand and creative agency located in Yorkshire, known for its strong reputation and tailored campaigns that cater to a diverse client base, including prestigious blue-chip organisations.
|
04
|
|
Sep
|
Insurance broker kicks off buy-and-build strategy targeting £100m GWP | BUSINESS SALE
Tower Insurance Brokers, an insurance broker backed by priva...
|
03
|
|
Sep
|
Assets including IP available as wireless technology firm collapses | ADMINISTRATION
pureLiFi, a wireless communications company based in Edinbur...
|
03
|
|
Sep
|
Listed New Forest hotel up for sale for £8.5m | COMMERCIAL PROPERTY
Burley Manor Hotel, a grade II-listed country house hotel in...
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.