Moorfields appointed as joint administrators to garage door manufacturing business
Simon Thomas and Fred Satow at Moorfields Corporate Recovery LLP were appointed joint administrators to BRP Group Limited on 25 March 2010 at the request of the directors.
BRP Group Limited is a leading manufacturer of garage doors for the house building industry. It has operations in Bowburn, County Durham, Scunthorpe, Daventry, Brackley, Northamptonshire, Milton Keynes and Verwood, Dorset.
The company has some 360 employees spread across the country.
BRP Group Limited purchased the business from the Cardale Group in August 2009 and since then Nick Sibley, its principal shareholder has invested more than £3m to develop the business.
Unfortunately the company has been unable to achieve sufficient sales in the current economy.
Simon Thomas said " BRP Group is one of the leading garage door manufacturers in the UK with a modern, computer - controlled production facility in Bowburn. We have already received a number of expressions of interest from likely buyers and are hopeful of achieving a speedy going concern sale. Please could interested parties contact us as soon as possible.
Whilst we have regretably has to make a number of redundancies on our appointment, we are hopeful of achieving a going concern sale and preserving the remaining jobs. It is possible that any purchaser of the business may wish to re-employ staff we have had to release in the short-term"
Please contact Simon Thomas on 0207 186 1144
Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.View all Our News