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Update: Administration of Aperture Trading Limited

Update: Administration of Aperture Trading Limited

Chris Pole and Will Wright from KPMG’s Restructuring practice were appointed joint administrators of Aperture Trading Limited.

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Tim Bateson, restructuring director at KPMG, said: “We have continued to trade the business since our appointment to enable time for a sale of business process to take place. Unfortunately, no acceptable offer has been received following this accelerated marketing process and as a result, trading will cease immediately.

“Whilst we will be retaining a small skeleton workforce in the short term to assist us with the wind down process, the majority of the 330 staff will regrettably be made redundant. All affected staff have been informed and will be paid for their time working for the joint administrators. We'd like to thank all employees for the support, service and co-operation they have provided to the company, both before and during the administration.”

Any parties who may be interested in acquiring the company’s assets on a piecemeal basis should contact Alice Hutson: alice.hutson@kpmg.co.uk

ENDS

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Jo Chileshe, KPMG Corporate Communications
T: +44 (0)121 232 3343
M: +44 (0)7919 211 803
E: jo.chileshe@kpmg.co.uk

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

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