Paul Dounis and Matthew Haw of RSM Restructuring Advisory LLP were appointed as joint administrators to Jablite Limited and Styropack (UK) Limited on Monday 15 June 2020.
Os administradores concluíram uma venda pré -embalagem dos negócios e ativos de ambas as empresas para um novo grupo de propriedade conjunta de dois ex -diretores do grupo e do grupo símbra bewi. As empresas, que operam em Aberdeen, Blackburn, Howden (Yorkshire), Ford (West Sussex) e Belvedere (Sudeste de Londres), foram afetadas adversamente pelo Coronavírus. O RSM foi instruído a encontrar um comprador quando os diretores do grupo concluíram que não conseguiriam negociar através do impacto financeiro e operacional do bloqueio do Reino Unido. É igualmente agradável ter garantido os empregos de cerca de 155 funcionários. Este é um resultado particularmente positivo para os funcionários, considerando as condições desafiadoras e incertas do mercado provocadas pelo CoVID-19. '
The sale of the businesses, both of which manufacture expanded polystyrene products, has secured the continued employment of all 155 staff across its five sites in England and Scotland.
Both Companies, which operate out of Aberdeen, Blackburn, Howden (Yorkshire), Ford (West Sussex) and Belvedere (South-East London), were adversely impacted by coronavirus. RSM was instructed to find a buyer when the Group’s directors concluded that they would be unable to trade through the financial and operational impact of the UK lockdown.
Matt Haw of RSM Restructuring Advisory, comments: ‘Following a competitive sales process which attracted multiple bids, we’re pleased to have secured the ongoing and future operations of both companies. It is equally pleasing to have secured the jobs of some 155 staff. This is a particularly positive outcome for the employees considering the challenging and uncertain market conditions brought on by Covid-19.’
