close
Share with your friends

Administrators appointed to Godfrey Syrett Limited

Administrators appointed to Godfrey Syrett Limited

James Lumb, Howard Smith and David Costley-Wood of KPMG were appointed Joint Administrators of Godfrey Syrett Limited on Tuesday 8 January 2019.

1000

Also on home.kpmg

James Lumb, Howard Smith and David Costley-Wood of KPMG were appointed Joint Administrators of Godfrey Syrett Limited on Tuesday 8 January 2019.

The company designs, manufactures and installs high quality furniture solutions for the education, healthcare, defence and corporate sectors from three sites in Killingworth (North Tyneside), Langley Moor (Durham) and Belmont (Durham).

The business, which employed 204 staff, has ceased trading while the administrators review the position and pursue opportunities to sell the business. Regrettably, the majority of staff have been made redundant. Eleven members of staff have been retained while the Administrators assess the position of the business.

James Lumb, Joint Administrator and Director at KPMG, said: “Challenging trading conditions in the bespoke furniture sector, coupled with severe cashflow difficulties, have proved unsustainable for the business and led to the administration.

“We are supporting staff through this difficult period and will assist their claims to the Redundancy Payments Office.”

Asset sale enquiries should be directed to: Andrew Henderson 0191 401 3790.

                                                            ENDS

For media enquiries, please contact:
Tim Wood, Citypress (on behalf of KPMG)
tim.wood@citypress.co.uk
T: +44 (0)161 235 0359

KPMG Press Office
Tel:  +44 (0) 207 694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal