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.”
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Notes to Editors:
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