57 jobs lost as kitchen maker folds
Eco kitchens maker Chamois Furnishings has entered administration with the loss of 57 jobs. Although administrators at Begbies Traynor failed to sell the business as a going concern, the "goodwill and customer list" have been sold to a rival business.
Control of the company was handed to joint administrators Bob Young and Steve Currie, of the Stoke-on-Trent office of corporate recovery experts Begbies Traynor.
Begbies Traynor has disposed of the goodwill and customer list to an unnamed rival firm.
Young said turnover at Chamois had fallen to below £3m. He added that the business had been “hard hit” by the reduction in housing association orders following the public spending clampdown.
“It was a good business,” said Mr Young. “With its green credentials, it ticked all the boxes. But its market disappeared.
“New build work from housing associations has mostly dried up and though it was winning refurbishment contracts that too has seen cutbacks. It is a classic victim of today’s tough economic times.”
