United Kingdom

Details

  • Service: Advisory, Transactions & Restructuring
  • Type: Press release
  • Date: 14/02/2014

KPMG appointed Administrators to Jarose Woodworking Limited 

 
Howard Smith and Mark Firmin from KPMG’s Restructuring team were appointed Joint Administrators to Jarose Woodworking Limited (in administration) on 31st January 2014.

 

The company operated as a shopfitting and woodworking specialist from its premises in Morley, Leeds, and employed 48 people.

 

Following the appointment, the administrators continued to operate the business in order to complete outstanding work in progress.  Operations have now ceased and all of its employees have been made redundant.

 

Howard Smith, Joint Administrator and Restructuring Associate Partner at KPMG, said: “Declining sales at Jarose Woodworking Limited significantly impacted cash flow and the business’ ability to meet its liabilities. The Joint Administrators are exploring options to realise the best results for the company’s creditors.”

 

“We have assisted the affected employees in their claims to the Redundancy Payments Office.”

 

All enquiries should be directed to Andrew Thompson on 0131 231 3317.

 

Ends                                                                              

 

For media enquiries please contact:

 

Alastair Henry, Citypress

Tel: 0161 235 0320 / 07738 206 847

Email: alastair.henry@citypress.co.uk

 

KPMG Press office: 020 7694 8773

 

Notes to Editors:

 

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 approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 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. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

 

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