Date Published: 4th April 2011
Somerset Caravans, based at Walford Cross on the outskirts of Taunton, has been placed into Administration after severe cashflow problems arising from the general economic climate made it impossible to continue.
Ian Walker and John Kelly of national business rescue and recovery firm Begbies Traynor have been appointed Joint Administrators. Ian Walker, Partner at the firm’s Exeter office, says,
“Somerset Caravans is a well-known, long-standing Somerset business, which has traded profitably from a great location on the outskirts of Taunton, next to the proposed new junction with the M5. Difficulties experienced in related areas of production and supply caused rapid and severe cashflow problems, but it is our intention to find a buyer for the business as a going concern. It is a good business which offers not just caravans but a whole range of camping supplies, and therefore is in a position to take advantage of the growing trend for family camping and caravanning holidays in the South West.”
The business employed 21 people, 16 of whom have been retained while the Administrators look for a buyer.
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.