Date Published: 3rd August 2012
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.”
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.