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Bell Pottinger North - Client News
Monday, May 15, 2006
TEXTILES COMPANY CALLS IN ADMINISTRATORS

Huddersfield-based textile dying and finishing company, John Gladstone (Dyers & Finishers) Limited, has gone into administration.

Michael Saville of corporate recovery specialists Begbies Traynor, Leeds, has been appointed administrator on behalf of the company.

John Gladstone has ceased trading with the closure of the site and the loss of 37 jobs.  The original long standing company went into liquidation in 2000.  It was then bought by the current management in 2002.

The company supplies major fabric suppliers in the Yorkshire area and has suffered as a result of the declining textiles industry in Yorkshire.

Michael Saville of Begbies Traynor comments: “This is another example of a long-established business falling victim to the difficulties faced by UK-based manufacturers.”

Queries regarding the company should be directed to Paul Beardsley on 0113 244 0044.

Ends

For further information, please contact:
Joanne Fletcher-Wall
Bell Pottinger North

01625 506425

Information on Begbies Traynor can be accessed via the Group’s website at www.begbies-traynor.com <http://www.begbies-traynor.com>

Notes to editors


About Begbies Traynor Group plc
The Group specialises in business insolvency management and is becoming increasingly active in the area of personal insolvency. It also offers services in corporate rescue and investigation services and has entered the field of corporate finance.

In November 2005, the Group entered the rapidly-expanding volume personal insolvency market via the acquisition of W3 Debt Solutions, a firm specialising in providing advice and practical support to individuals in debt. 


The Group has grown to its current network of 30 nationwide offices ranging from Scotland to the South West of England, with 350 operatives. The Company continues to pursue its strategy of organic development, coupled with the acquisition of specialist knowledge of both individuals and firms, to further increase its market share in its core services.


The Directors believe that the Group is the UK's largest independent insolvency, corporate rescue and recovery specialist with clients ranging from major institutions to individuals with business difficulties.

 
The Office Network
The Group operates with 60 licensed insolvency appointment takers, some 225 fee earning staff and 65 in support and administration. The Group operates from 30 locations across the UK.

Business Activities
The core business of the Group is the formal administration of insolvencies including receiverships, liquidations, administrations, company voluntary arrangements and business-related personal insolvencies. The Group has extended its activities into a range of consultancy services including corporate rescue, credit management, forensic and investigation services and corporate finance.



 

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