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Administrators appointed to Bedfords Limited

Administrators appointed to Bedfords Limited

Howard Smith and David Costley-Wood from KPMG’s Restructuring practice have been appointed as joint administrators to Bedfords Limited.

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Howard Smith and David Costley-Wood from KPMG’s Restructuring practice have been appointed as joint administrators to Bedfords Limited, the transport and logistics company, on Wednesday 27 March 2019.

Based in Birstall, West Yorkshire, the business employed 84 people and specialises in providing logistics services to companies across the printed media, DIY, retail, horticulture, manufacturing and construction sectors. The business also operated out of a head office in Morley, near Leeds.

Immediately following the appointment of the joint administrators, operations ceased and regrettably, the majority of staff have been made redundant. The joint administrators have retained a small number of staff to assist them in the wind-down of operations. The administration includes subsidiary LinQ, a supply chain services business. 

Howard Smith, associate partner at KPMG and joint administrator, said: “The company had recently experienced cashflow issues and had embarked on a process to seek new sources of investment into the business. Unfortunately, after a sale of one of its subsidiaries fell through, the directors were left with no alternative but to apply for the appointment of the joint administrators.

“Our immediate priority is to provide every available support to those members of staff who have been made redundant, including assisting them with claims to the Redundancy Payments Service.”

 

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For media enquiries, please contact:

Alastair Henry, Citypress (on behalf of KPMG)

EAlastair.henry@citypress.co.uk

T: +44 (0)161 235 0320

 

About KPMG in the UK

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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