News
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.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
Commercial finance expert appointment supports Leonard Curtis funding team growth
Funding
Leonard Curtis Legal supports shareholders of Impulse Embedded Limited with successful sale
Legal
Leonard Curtis Legal has advised the shareholders of Romix Foods Ltd on successful sale
Legal
100 Time to Pays agreed so far in 2024 ensuring business survival
Funding
Podcast: TRI and Offshore Jurisdictions with Matthew Wright and Nexia
Restructuring and Insolvency
£700,000 commercial mortgage secured for Midlands business
Funding
The future of EOTs
Legal
My Leonard Curtis journey so far with Becky Owen, Head of Commercial Finance
Funding
Leonard Curtis unveils sports sponsorship for Isle of Man school
Restructuring and Insolvency
Jan - Mar 2024: Time to Pay Statistics
Funding
Small Business Finance Markets Review 2023/24
Funding
Respected banking specialist joins Leonard Curtis
Funding
Time to Pay statistics 2023
Funding
Leonard Curtis extends specialist offshore capability with office in Jersey
Restructuring and Insolvency
£4.6m funding structure agreed for construction firm
Funding
Is fraud on the uptick?
Restructuring and Insolvency
Plastic Packaging Tax – What is it and how is it affecting businesses?
Funding
Q1 - Q3 2023: Time to Pay Statistics
Funding
Acquisition completed for top north catering firm ‘Kitchequip’
Funding
Leonard Curtis Legal advises on the acquisition of new wedding venue for The Ensarb Estates group
Legal
Autumn Tax Update 2023
Lifecycle
The super-deduction, what it means for businesses
Funding
Copyright © 2022 Leonard Curtis
Copyright © 2022 Leonard Curtis
Copyright © 2023 Leonard Curtis
By using this website, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. View our privacy policy for more information.
I agree