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Business Recovery & Insolvency

PKF appointed administrator of Merseyside-based Assured Building & Roofing Limited

By CreditMan Friday, March 30, 2012

Kerry Bailey and Jon Newell of PKF Accountants & business advisers have been appointed joint administrators of Merseyside-based Assured Building & Roofing Limited.

The company undertakes all aspects of building and maintenance work, largely within the insurance industry, throughout the North of England. It operated from depots in Huyton and Ossett that employed 57 staff.

Joint administrator Kerry Bailey, a partner in PKF’s Corporate Recovery team in Manchester, said: “Despite efforts made by Assured Building & Roofing over the last few weeks to turn the business around and secure a refinancing package, the board of directors took the decision to appoint administrators on 23 March."

“Since our appointment, we have negotiated the sale of the Huyton business, which has resulted in the continued employment of a number of the depot’s employees. The business will continue to trade and provide services to its customer base from Huyton."

“Regrettably, we have had to make the difficult decision of closing the Ossett operation, leading to a number of job losses at the depot.”

Read more at www.pkf.co.uk/pkf/news/pressrelease/pkfappointedadministratorofmerseyside-basedassuredbuilding&roofinglimited&goto=5

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