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.
Find building and construction businesses for sale.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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.