Date Published: 12th February 2015
Julian Pitts and Nick Reed of Begbies Traynor in Leeds have been appointed as joint administrators of well-established North Yorkshire kitchen company Chantry Kitchens.
Founded in 1993, the bespoke kitchen manufacturer and installer has two showrooms located in Harrogate and Tockwith. All 18 staff, including two directors, were made redundant prior to the administration and the business has ceased trading while a purchaser is sought.
Joint administrator Julian Pitts said: “Unfortunately, the business ran into problems when it failed to generate sufficient orders going forward and also hit cash flow problems with pending orders.
“We have been marketing the business since our appointment and, following discussions with several interested parties for the sale of some of the business’ assets, we anticipate concluding a sale in the near future.”
Following graduation from the University of Hull, Julian qualified as a Chartered Accountant with Coopers & Lybrand in Leeds. In 1989 he was the joint founder of Wilson Pitts, a specialist independent practice dealing with all aspects of insolvency and corporate recovery work. Subsequently in 2006, the Wilson Pitts practice was acquired by Begbies Traynor where Julian is now the Regional Managing Partner for the North-East region.
Julian has significant experience in advising SMEs and their stakeholders, seeking innovative solutions to financial challenges.
With family roots in Devon, Julian has been a life-long supporter of Plymouth Argyle and he also spends time rallying a Mk1 Lotus Cortina as well as trying to reduce his golf handicap.