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02/03/2021

Hundreds of jobs saved as Yorkshire-based Fazenda restaurant chain bought out of administration

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Man fitting a window frame

56 jobs preserved as window manufacturer bought out of administration

Leicestershire-based manufacturer of bespoke timber windows and doors, Benlowe Group Limited, has been bought out of administration by DorWins Joinery Ltd, preserving the business and the jobs of 56 employees.

Haulage company in financial difficulty

The business was a group of haulage companies with an annual turnover of approximately £20 million and with approximately 150 employees. The core business was time critical delivery of weekly and monthly periodicals.

Advantages & Disadvantages of a Pre-Pack Administration

A pre-pack administration facilitates the quick sale of a business in insolvency. Negotiations for the sale of underlying business assets take place prior to an Administrator being appointed, after which time the sale generally goes through very quickly.