Conrad Beighton and David Griffiths of Leonard Curtis Business Rescue & Recovery have today (25th March 2020) been appointed Joint Administrators of System Building Products Limited.
The Company traded from sites at Hinckley, Stafford, St Helens and Worcester, employing 71 staff. Its brands include Omnis and Burgess CEP.
Conrad said “The business has faced considerable challenges in the external building products sector over the last three years but had continued due to its excellent market goodwill and reputation, underpinned by significant financial support from its parent company.”
The Company had attempted to secure a sale of the business over the last few weeks and, despite some genuine interest, potential acquirers were deterred by the current uncertainty and, as a result, all 71 employees have today been made redundant.
“Our focus now is to ensure that those affected employees are provided with all assistance necessary to enable them to claim for their entitlements as quickly as possible at this difficult time.”
The Administration is being undertaken by the Birmingham office of Leonard Curtis Business Rescue & Recovery, 85-89 Colmore Row, Birmingham B3 2BB.
Leonard Curtis Business Rescue & Recovery is part of Leonard Curtis Business Solutions Group.
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