Mon, 09 Feb 2015 | ADMINISTRATION
A haulage and engineering company has gone into administration, prompting the search for a potential buyer.
Historic haulage firm T.Baden Hardstaff Ltd also maintains commercial fleets under the name Hardstaff Haulage and Charnwood Truck Services. Will Wright and Mark Orton of KPMG were appointed as administrators on 6 February.
Unfortunately, 180 of the 232-strong workforce were made redundant as a result of the administration, with KPMG blaming it on the difficult climate. Fifty-two employees remain at the 150-year-old firm based in Gotham near Nottingham to aid the administrators with their work.
Wright explained: "Unfortunately, following a review of the position and the difficulties with continuing to trade, we have had to take the difficult decision to make 180 staff redundant.
"The remaining employees are supporting us whilst we explore a possible sale of parts of the businesses. Our team of employment specialists will be supporting all redundant staff on completing redundancy forms and putting them in touch with job seeker services.
"The Hardstaff Traffic Barrier Services business is not in administration and continues to trade as normal. We hope to find a buyer for it."
______________________________________________________________________
Related information:
Contact the administrators
For more businesses in administration click here
Offered for sale is a highly regarded firm of commercial building consultants and surveyors, dedicated to providing expert advice and guidance in order to maximise the value of clients’ building assets.
The company designs, manufactures, installs, and maintains bespoke dust control equipment across the UK. Priding itself on its extensive in-house knowledge, the company provides a full range of filters, fans, and ducting, as well as offering annual C...
This business is a true powerhouse, offering customers everything they need to achieve their desired spaces in one convenient place. Whether they’re undertaking a full-scale renovation or searching for that perfect finishing touch, the solutions offe...
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.