Moorfields called in at Cardale Group
Insolvency experts from mid-tier firm looking for a buyer after troubled garage door company goes into administration.
Administrators from Moorfields Corporate Recovery LLP (formerly RSM Bentley Jennison & Co LLP) have been called in at Cardale Group, the struggling company which caters for 40% of the UK's residential garage door market.
Simon Thomas and Fred Satow are now keeping the company trading while looking for a buyer. The companies in administration comprise Cardale Group Limited, Cardale Properties Limited, Cardale Doors Limited, Bowburn Limited and Wessex Garage Doors Limited.
Simon Thomas, joint administrator, said: 'We are very optimistic that there will be a high level of interest in the group, given their significant market share, established brand names and multiple locations across the UK.
As such, we will be looking for a quick sale.
Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.View all Our News