Fri, 03 May 2013 | ADMINISTRATION
Caravan manufacturer Vanmaster has confirmed that it has entered administration.
The business has been plagued by rumours that it has been facing problems since the start of the year, but confirmed on 29 April that administrators from Geoffrey Martin & Co have been called in.
Production of all bespoke tourers and motorhomes has been halted at both of the Wigan-based company's plants, while all 20 employees have been let go.
James Sleight and Geoffrey Martin from the administrators have been appointed to handle the business. The Vanmaster Ltd company operates under the trading names of Vanmaster Caravans and Bentley Motorhomes, both of which have been affected by the administration. Bentley Motorhomes was bought by Vanmaster just last year.
Mr Sleight commented on the situation: “The business entered administration due to a drop in orders and supplier issues which affected production. We are hopeful that a buyer can be found, as we believe that either or both businesses could be complementary to existing manufacturers or retailers.”
The administration has been attributed to a decrease in the number of orders received from customers in recent months as people continue to watch what they're spending.
____________________________________________________________________________
Related articles:
Profit from buying a distressed business
View caravan businesses for sale
This high-class restaurant in South Yorkshire is a rare opportunity, featuring a prime city-centre location and a vibrant, elegantly designed interior.
LEASEHOLD
This well-established stoves and cookers business in East Sussex offers a tastefully organised setting with spacious showrooms, a large office, and nearby warehousing featuring excellent facilities like a forklift.
LEASEHOLD
This well-established mechanical, plumbing, and electrical contracting and maintenance business boasts an exceptional reputation, having operated for around 50 years with a focus on the education and health sectors.
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.