Buyer sought to save 88 kitchens jobs at firm near Kidderminster
A buyer is being sought for a kitchens business at Hartlebury, near Kidderminster.
Lee Causer and Mark Thornton, business restructuring partners at BDO, have been appointed as joint administrators of Pembar, which trades as Hatt Kitchens.
They are seeking to secure the future of the company through an accelerated sale process for its business and assets.
The business designs, manufactures and installs kitchens, worktops and appliances.
It fell into administration on May 15.
Hatt employs 88 – all of whom have been retained.
Its retail showroom had closed close in December 2021. Retail sales had previously accounted for about five per cent of turnover.
Mr Causer said: "Despite the considerable efforts of management and their team, the company has been unable to generate the level of trading profits and cash necessary to maintain production activity and, although efforts were made to secure additional funding for the business, the financial position of the company resulted in these efforts being unsuccessful.
"This is another unfortunate example of the headwinds faced by the construction and manufacturing sectors. We are hopeful of completing a sale of the business and assets, ensuring the security of the majority of jobs."
