Ten jobs have been saved and key services preserved following the sale out of administration of an established Gloucestershire company.
The Ultimate Food Company (Kendal) Limited (“Ultimate”) was placed into Administration on 5th February 2018.
On 12th February 2018, Nick Reed and Bob Maxwell of Begbies Traynor in Leeds were appointed as joint administrators of Great Northern Envelope Company (GNE) in Leeds and the company has immediately been acquired by Encore Envelopes Limited.
Lee Lockwood of Begbies Traynor in Leeds and Ray Claughton of Rushtons Insolvency Limited in Shipley were appointed on 5 January 2018 as joint administrators of Designer Yarns (Deutschland) GmbH.
Twenty four jobs have been saved after a South Wales distribution company was sold out of administration.
The future of 44 jobs has been saved after funding was secured to set up a new renewable energy company.
Begbies Traynor, the liquidators of registered charity Peterhead Projects Limited, have completed the sale of Peterhead Lido Caravan Park to a consortium of the caravan park residents enabling the caravan park to continue trading.
Contract Services (South Wales) Limited, which has successfully traded in Port Talbot and Caerphilly for 21 years, faced unexpected cash flow pressures earlier this year.
IMV Europe Limited, part of Osaka based IMV Corporation has simultaneously acquired two businesses.
Begbies Traynor is currently advising company directors and business owners who have historically paid into Employee Benefit Trusts (EBTs) in light of HMRC’s recent Supreme Court victory over Rangers FC.
Dozens of jobs have been saved after administrators at Begbies Traynor secured a buyer for a Somerset-based footwear company.
Administrators at business recovery specialists Begbies Traynor have been appointed to seek the sale of a Somerset-based footwear company which has been placed into administration.
Administrators at Begbies Traynor have been appointed through Real Business Rescue - part of Begbies Traynor Group, to seek the sale of a Shrewsbury-based envelope manufacturing company which has been placed into administration after being affected by tough market conditions.
On 23rd February 2017 Begbies Traynor were appointed as administrators of Cordell Group Limited and its subsidiary Cordell Southern Technical Services Ltd.
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