Thu, 17 Apr 2014 | ADMINISTRATION
Kitchen retailer 24-Seven Kitchen & Granite Solutions Ltd has buckled under the pressure of its creditors’ increasing demands and entered administration.
Joint administrators Chris White and Gareth Rusling of The P&A Partnership were brought in on 7 April, leading the director and two staff to be rendered redundant and the business closed down.
The South Yorkshire business was founded in 2003 and had a showroom on Doncaster Road in Kirk Sandall, Doncaster. It offered bespoke kitchens, bathrooms and bedrooms, as well as granite worktops and surfaces, making its products from its factory shop.
The administrators confirmed that all paid up customer orders have been fulfilled leaving none out of pocket by the closure.
Trading as 24-Seven BBC, the business’s customers extended to Rotherham, Leeds, Harrogate, Thorne, Sheffield, Barnsley and Lincoln, among other areas in Yorkshire.
“24-Seven Kitchen & Granite Solutions has enjoyed more than a decade of success but has recently experienced cash flow problems and has been forced to cease trading,” joint administrator Mr White said.
“The owners made the difficult decision to put the business into administration because they were facing increasing pressure from creditors.
“It’s a sad end to a popular Doncaster business, but we are pleased to say that, as far as we are aware, no customers will lose out as a result.”
_______________________________________________________________________
Related information:
Contact the administrators
Winding-up petitions list - often a precursor to administration
Represents an opportunity for an acquirer seeking a three surgery, predominantly private dentistry located in Pembrokeshire.
FREEHOLD
Predominately NHS dental surgery with scope for physical expansion, private growth and extended services.
FREEHOLD
Represents an opportunity for a dental practice acquirer seeking a seven surgery mixed dentistry operating since 1978.
FREEHOLD
18
|
Apr
|
Household goods retailer Lakeland undergoes a management buyout | MBO/MBI
Windermere-based family-owned household goods retailer, Lake...
17
|
Apr
|
Manchester tech firm Wakelet bought out of administration | BUSINESS SALE
A Manchester technology company has been bought out of admin...
17
|
Apr
|
Nutrition company Science in Sports bought by investment firm for £82 million | BUSINESS SALE
Nutrition specialist Science in Sport (SiS) has agreed to be...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.