Moorfields appointed administrators at Jack Holt Ltd
The Holt company – originally set up by Jack Holt and Beecher Moore in 1945 - has gone into administration.
From making Merlin Rockets and Cadets, the pair branched out into producing fittings with Glen and Tony Allen, forming Holt-Allen in the 1950s.
The company reigned supreme in dinghy fittings for many years, but a recent move by Beecher Moore’s son, Chadwick, to manufacture fittings in Brazil sparked a split with the Allen family.
While the Allen side has benefited and moved on, the Holt side seems to have faltered.
The company entered into administration on February 23, 2010, with Simon Thomas and Fred Satow of Moorfields Corporate Recovery LLP appointed as Joint Administrators.
‘The company’s having cashflow problems,’ said a Moorfield’s spokesman. ‘Essentially we’ve put it into administration and we’re trading it on a normal basis, so all customers are receiving goods as per normal and we’re looking to find a purchaser in the next four or five days to turn it around quickly.’
Any enquiries in relation to the business should be directed to Arron Kendall or Matthew Parr of Moorfields on 0207 186 1143.
Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.View all Our News