Published: 18th February 2015
Part of Chantry Kitchens, the North Yorkshire kitchen company, has been sold out of administration in a deal negotiated by joint administrators from Begbies Traynor.
Based in Tockwith, the bespoke kitchen manufacturer and installer was founded in 1993 and has two showrooms located in Harrogate and Tockwith. Following a lack of orders and cash flow problems, all 18 staff, including two directors, were made redundant prior to joint administrators Julian Pitts and Nick Reed of Begbies Traynor being appointed on 30 January. They have now completed a sale of the Harrogate showroom at Coppice Gate and the company’s forward orders to Trukitchen in Wilmslow.
Joint administrator Julian Pitts said: “Unfortunately, the business ran into problems when it failed to generate sufficient orders going forward and encountered cash flow difficulties.
“We are pleased to have been able to complete a sale for some of the company’s assets, securing a better return for creditors and ensuring the survival of part of the business in order that customer orders can be satisfied.”
Following graduation from the University of Hull, Julian qualified as a Chartered Accountant with Coopers & Lybrand in Leeds. After a short time with Baker Tilly, in 1989, together with David Wilson, he established Wilson Pitts, a specialist independent practice dealing with all aspects of insolvency and corporate recovery work. In 2006, the Wilson Pitts practice was acquired by Begbies Traynor where Julian is now the Joint Regional Managing Partner for the North-East region.