United Kingdom

Details

  • Service: Advisory, Transactions & Restructuring
  • Type: Press release
  • Date: 05/09/2013

Administrators of Montgomery Tomlinson Limited achieve going concern sale of the business 

 

The administrators of Montgomery Tomlinson Limited, Will Wright, Paul Flint and Brian Green of KPMG’s Restructuring team, have completed a sale of the business and its assets to Montgomery Furnishings Limited,established and funded by Amin Amiri and his investment company, a2e Venture Catalysts Limited.

 

Montgomery Tomlinson Limited is a supplier and retailer of custom-made curtains and accessories.  It has concessions in 123 department stores and retail outlets, and a factory and warehouse facility in Bretton, Flintshire.

 

Montgomery Furnishings Limited is looking to safeguard the jobs of a large proportion of the former Montgomery Tomlinson workforce, with the intention of increasing the headcount in line with targeted trading.

 

Will Wright, Joint Administrator and Restructuring Partner at KPMG, commented: “Since our appointment two weeks ago, we have been working tirelessly to ensure a sale of the business in order to minimise disruption to customers. We are particularly pleased that the sale opens up re-employment opportunities for a number of Montgomery Tomlinson’s former staff. We wish Montgomery Furnishings all the very best for the future.”

ENDS

 

For press queries, please contact:

 

Katy Broomhead, KPMG

Tel: 0161 246 4623 / 07824 537963

Email: katy.broomhead@kpmg.co.uk

 

KPMG National Press Office: 020 7694 8773

 

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

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