News Article

Business Recovery & Insolvency

Administrators appointed to Bethell Rail Limited

By CreditMan Wednesday, April 14, 2010

Brian Green and Paul Flint from KPMG''s Restructuring practice in Manchester have been appointed joint administrators to Bethell Rail Limited.

Bethell Rail Limited, based at the Europa Trading Estate in Kearsley, Manchester, employs approximately 30 staff and last year had a turnover of £8.4 million. The business undertakes civil engineering and electrification & plant works on the rail network, working predominantly for Network Rail.

Paul Flint, joint administrator and associate partner at KPMG, said: "Although trading has ceased on appointment, we are looking for a buyer for the business and assets of the Company - including its ongoing contracts - and would encourage any parties who may be interested to contact us as soon as possible."

No redundancies have been made whilst a buyer is sought for the business.

For the avoidance of doubt, no other business using the name "Bethell", including Bethell Group Plc and Bethell Construction Limited, are affected by this administration process.

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