Julie Palmer and John Kelly have been appointed administrators of Bourne (BG) Limited, the mechanical and electrical building services provider which has been part of the Poole business community for over 20 years.
Begbies Traynor, the Bournemouth-based corporate rescue, recovery and restructuring experts, were brought in after the 11m turnover company ran into financial difficulties in the wake of the recession’s harsh impact on the construction industry.
Over half of the workforce has been made redundant.
Bourne (BG) Limited has a broad client base working for clients including the NHS, Ministry of Defence, housing associations and construction companies.
Julie Palmer said: ‘As Administrator I have a duty to maximise returns to creditors and will be speaking to interested parties to see if any parts of the business can be sold.”
Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.
Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.