Fri, 22 Jul 2011 | ADMINISTRATION
Administrators are still looking for a buyer for Cramlington-based H-A Interiors, which had to be put into administration two weeks ago despite having a full order book.
The position was forced on the company after its German parent company Alkor-Venilia GmbH went into administration, but the administrators for H-A, financial services firm Mercer and Hole, have said the company is easily capable of surviving if a buyer can be found.
The company makes self-adhesive decorative borders, wall coverings and wallpaper, and has orders from a range of major British companies including Argos, Homebase and B&Q.
Mercer and Hole’s Chris Laughton said they were still looking at the option of giving the company another chance at business through a new owner, rather than having to sell off the remaining equipment to fund its creditors.
“This factory and its staff are keen to prove that UK manufacturing can rise like a phoenix again,” he said. “There is a community riding on this sale that are willing, talented and able to help an investor grow the business and benefit from decades of expertise, marketing know-how and manufacturing quality.”
The company recorded a turnover of £9 million and a profit of £3.5 million last year.
Charming village freehouse with guest accommodation available in the picturesque setting of Bude, Cornwall, offering a unique opportunity for hospitality entrepreneurs.
FREEHOLD
Opportunity to acquire a prominently located Cotswolds inn in Chipping Norton, ideally positioned at the village entrance.
FREEHOLD
An exciting opportunity to acquire a well-located and popular roadside pub in the charming town of Wareham, Dorset, presenting a fantastic prospect for investors or hospitality enthusiasts
LEASEHOLD
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.