Mon, 13 Jun 2011 | ADMINISTRATION
Administrators have sold off as much of the stricken social housing contractor Kinetics as possible, in a bid to maintain work levels and keep redundancies to a minimum.
Graham Wild, Kevin Coates and Anne O’Keefe of Zolfo Cooper have announced that they have sold on a part of the company to SCP Renewable Energy, in the wake of the news of the administration. The sale included the business and some assets of gas installation subsidiary Seaflame.
Sureway Gas, Walmotts and TA Horn will continue to trade under the brand as Kinetics North, Kinetics Midlands and Kinetics South under SCP's ownership. Despite the move to preserve the businesses, the administrators still had to make 273 staff redundant.
Mr Wild said that their work so far to sell on parts of the business had been encouraging, "While we are pleased to have achieved a sale of part of the Group, and secured the majority of the jobs at stake, we were regrettably left with no choice but to make some employees redundant," he said. "We are currently working with several parties to attempt to preserve the employment of the remaining workforce wherever possible."
The company designs and delivers electronic portfolios for organisations that capture and assess evidence for personal, professional, and organisation recognition, internationally. The company creates leading digital solutions that mirror and enhance...
A distributor of oils and ancillary cleaning products to a wide client base, and is not dependent on any one client or market sector. These Items are an essential component to ensure smooth operation of equipment and reduce wear & tear and reduce ope...
The company is an equestrian business comprising a popular retail store, accredited livery and riding facilities and a competitive events operation, operating from an attractive rural location in the East Midlands.
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.