Buyers showing interest in luxury hotel furniture manufacturer

Mon, 16 Mar 2015 | BUSINESS SALE

A number of buyers have shown an interest in a Nottingham-based luxury hotel furniture manufacturer, administrators have confirmed.

Buyers have already expressed interest in PTT Design Ltd after it went into administration on 4 March. Nick Edwards and Tyrone Courtman of PKF Cooper Parry were appointed joint administrators.

At the time of appointing administrators, 35 members of staff were made redundant, but the firm has continued to trade. Founded over 20 years ago, PTT Design manufactures furniture for the bathroom suites, receptions, restaurants and bars in London hotels.

Many high profile hotels in London have used products by PTT Design, including the London Hilton Park Lane, the Jumeirah Lowndes Hotel and The Balmoral.

Courtman, a restructuring partner at PKF Cooper Parry, said that he was “very confident” that they would secure a buyer for the company. He added: "We are delighted to report that we have already received a number of expressions of interest in the business which we are currently pursuing.”
Related information:
Furniture designer for sale
Help on turning around a struggling business

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