Confidential Advice Line: 0800 063 9221

Falmouth timber workshop bought out of administration

Administration

| August 3rd 2012

More News by Ian Walker

Norfolk Oak Ltd, the UK’s only timber worktop manufacturer have acquired the Barncrest trading name and goodwill on July 31st, and will continue to run the Barncrest brand as a separate marketing name, ensuring its continued presence in the market.

Ian Walker and Julie Ann Palmer of leading corporate rescue and recovery firm Begbies Traynor were appointed Administrators in the spring of 2011 when Barncrest fell victim to the knock-on effects of the recession on domestic house building and refurbishment.

Norfolk Oak Ltd will be looking to supply Barncrest’s wholesale, retail and contractor clients.

James Everett, operations director of Norfolk Oak, commented, “This is a perfect acquisition for us. Barncrest has an excellent reputation in the market, which we will build on even further. With our large manufacturing capability here in Norfolk, sales through the Barncrest name will be seamlessly integrated, providing enhanced product groups and customer service. We couldn't be happier.”

Ian Walker, Partner at Begbies Traynor, added, “We are absolutely delighted that after a long campaign we have succeeded in finding a good home for this fine Cornish brand.”


About the author

Ian Walker

Partner

Meet our Team of Experts

Ian joined Begbies in 2000 from Pannell Kerr Forster after practicing insolvency for the previous 20 years with Big Four firms. A member of R3 and a Fellow of the Institute of Chartered Accountants in England & Wales (from which he also takes his Insolvency Licence, he is currently a member of the ICAEW Investigation Committee. Over the years, Ian has dealt with all types of insolvency and at least three recessions. Currently, his practice based in Exeter and Plymouth covers the whole of Devon & Cornwall (including the Scilly Isles), together with as much of Somerset and Dorset as he can get away with! He deals with all types of personal and corporate insolvency and also concentrates on pre- and post-lending review work for all the major lending institutions.

48 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Advice for businesses on EBTs after HMRC Supreme Court victory
Begbies Traynor currently advising numerous businesses
HMRC sends out follower notices to reclaim tax lost to Employee Benefit Trusts
Find out more →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...