News
Asset sale for Redcar heating business hit by pandemic
Joint Administrators, Sean Williams and Phil Deyes, from Leonard Curtis Business Solutions Group, appointed to Redcar-based BMM Heaters last month, are now marketing assets for sale from the business, including property, plant and machinery.
BMM Heaters operated in the heating engineering sector and had been hard hit by the pandemic, ceasing trading in May.
Sean Williams from Leonard Curtis commented: Unfortunately Covid 19 made business difficult for BMM Heaters as confirmed orders were slow to get started, significantly reducing turnover. Although attempts were made to shore up cash flow, there was too much pressure on it to continue trading.
Prior to the appointment of Joint Administrators all 18 employees had been made redundant and are currently being supported by Emprove Limited, a specialist HR provider.
Sean Byrne, Director from BMM Heaters, commented: I would just like to thank all the employees for their hard work during this difficult time and for customers support and the orders we received. It was very much appreciated.
The Joint Administrators are now looking to improve the wider creditor position by maximising value of the physical assets.
Third parties interested in premises, stock and equipment need to contact melissa.smithers@leonardcurtis.co.uk for more information.
Feedback Form
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
News and insights
Get in touch
with Leonard Curtis
Forward
with purpose
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.