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Richmond Cabinet Company Limited placed into administration

Richmond Cabinet Company Limited in administration

On 20 December 2018, Paul Dumbell and David Costley-Wood from KPMG’s Restructuring practice were appointed as Joint Administrators of Richmond Cabinet Company Limited.

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The company was a family-owned designer and manufacturer of kitchen units operating out of a leasehold site at Hadfield Industrial Estate in Glossop. It serviced retail customers and commercial developments in the private rented and student accommodation sectors.

An increasingly competitive market led to declining trading performance in recent years, while several loss-making contracts put significant pressure on the company’s working capital.

Following their appointment, the Joint Administrators granted a business operating license to Richmond Furniture Limited. All 123 employees have been transferred over to the licensee under TUPE regulations. 

Paul Dumbell, director at KPMG and Joint Administrator, said: “The licence arrangement allows us to fulfil outstanding contracts and in turn, protect the debtor book while we explore options to sell the company’s assets. We would encourage any interested parties to come forward as soon as possible.”

Asset sale enquiries should be directed to: 

Kiran Reddy: Kiran.Reddy@KPMG.co.uk; or

Andrew Stone: Andrew.Stone@KPMG.co.uk 

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For further information contact:


Jamie Williamson, Citypress (on behalf of KPMG Corporate Communications)

T: +44 (0)131 516 5551

M: +44 (0)7908 536 423

E: jamie.williamson@citypress.co.uk 

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.

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