Thu, 26 Jan 2017 | ADMINISTRATION
Administrators appointed to a collapsed Leeds-based group which supplies facades and shopfronts and boasts a stellar client base say they are seeking interest in the businesses and their assets.
Drawn Metal and DML Architectural Systems, which employ 70 staff, went into administration after incurring losses on a big out-of-town contract, putting dozens of jobs at risk.
The two firms had a combined turnover of £9 million in 2016 and have world-famous brands including Calvin Klein, Ferrari and Lacoste on their books, as well as experience in working on large-scale retail developments and construction projects.
Based in Bramley, Drawn Metal is a supplier of bespoke facades and shopfronts, while DML Architectural Systems specialises in curtain walling, windows and cladding.
Administrators Begbies Traynor said: “Having traded since 1924, DML has become known as a leading name in facades, particularly for the retail sector, but, unfortunately, losses on a significant out-of-town contract has resulted in the directors appointing administrators.
“We are in the process of assessing the situation in order to achieve the best possible outcome for creditors and the 70-strong workforce.
“The companies have an excellent reputation and we are seeking interest in the business and assets.”
An associated company, Drawn Metal Holdings, is not in administration.
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