This is the report from http://www.creditman.co.uk/:
Mark Firmin and Brian Green from KPMG’s Restructuring practice have been appointed as joint administrators to Amdega, the Darlington based upmarket conservatory manufacturer and supplier.
As there is no prospect for a sale of the business, it is being closed by the administrators and most of the 197 employees have been made redundant.
Mark Firmin, joint administrator and KPMG’s Northern Head of Restructuring, said: “Amdega is a victim of the severe downturn in the big-ticket and home-related parts of the retail sector. KPMG’s latest Retail Sales Monitor highlighted that these businesses are being hit hardest by consumers’ lower spending patterns and Amdega was unable to sustain the ongoing weakness in demand it was experiencing.
“Amdega had approximately 300 orders on its books at the time of the administration so there will be some impact on customers. Our key priority is to assess this situation and communicate with Amdega customers. We will be writing to them as quickly as possible, with information and guidance regarding their next steps.”
It’s sad to see another manufacturer go to the wall during these tough trading conditions. We all also have to remember the human cost to these events. People lose their jobs, lose income, bills get harder to pay, plus all the other pressures that come with losing a job.