Group News
Staff kept on in Huddersfield based securities business
Anthony Milnes and Richard Pinder from Leonard Curtis were appointed as Joint Administrators to Forward Security Services Ltd on 30th April and have quickly secured a pre-pack deal for the business.
The company, based in Huddersfield, is a national installer of bespoke high-end CCTV and access control security solutions with customers across a range of industries.
It had been experiencing difficulties relating to a reduction in turnover last year and some HMRC debt arrears.
The deal sees the exit of the previous owner / founder and his wife and this has secured the future of seven employees who will remain in the business under new management with immediate effect.
Anthony Milnes commented: “It was the right time for the former senior management team to move on, who wanted to pursue a different avenue, and the junior management team stepped up to take the business forward. This has been appropriately handled through an Administration pre-packaged sale, which enabled a restructuring and business rescue process to be undertaken.
“This was the best result for stakeholders and has created a new opportunity for others to lead in a fresh chapter for the business,” he added.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
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.