Sunday, August 9, 2020

Jobs lost at furniture group as subsidiaries close

The Joint Administrators for JDP Furniture Group Limited have announced the closure of subsidiaries JDP Frames Limited and Welbeck House Limited after buyers were unable to be found.

Nathan Jones and John Lowe from specialist business advisory firm FRP were appointed Joint Administrators to JDP Furniture Group Limited and its subsidiaries on Thursday 2 April 2020. All manufacturing operations had ceased by 25 March across the Group due to COVID-19.

Upon appointment, a marketing process was launched to find a buyer for JDP Frames Limited and Welbeck House Limited. However, no acceptable offers were received to maintain the businesses as going concerns.

As a result, the Joint Administrators have now permanently closed down the companies and made 281 staff redundant (JDP Frames: 76; Welbeck House: 205). A handful of core staff have been retained in the short term to assist the Joint Administrators in their duties within each business.

JDP Furniture Group Limited, the holding company for the group, has also been closed. A core team of staff has been retained in the short term to assist with the orderly wind down of the Group, while nine staff have been made redundant.

Meanwhile, the Joint Administrators continue to progress interest in H&F Upholstery, which trades as Arlo & Jacob, after acceptable offers were made for the business. A Company Voluntary Arrangement (CVA) is expected to be put to the Creditors of Celebrity Motion Furniture Limited as the Joint Administrators look to restructure the business and return control to the directors.

Nathan Jones, Joint Administrator at FRP, said: “Without any acceptable offers for JDP Frames and Welbeck House, these companies will now be fully wound down and, regrettably, staff made redundant. Following a consultation process, we’re supporting those affected staff with making claims to the Redundancy Payments Office.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Rowley Turton shortlisted at national awards for three years running

Leicester based Chartered Financial Planners, Rowley Turton, have been recognised as one of the UK’s best financial advisers by being shortlisted for ‘Financial Adviser...

Developers acquire key Nottingham city centre sites

Developers Peveril Securities and Sladen Estates, the team behind the landmark Unity Square scheme in Nottingham, have acquired a number of key buildings in...

Simple Marketing Consultancy celebrates 10 years in business

Simple Marketing Consultancy (SMC), the Nottingham-headquartered marketing services specialist, has recently celebrated its 10th anniversary. Founded on 10 August 2010 CIM qualified Chartered Marketer Bev...

How Salesforce Administrator Certification can help you get a better job?

A Salesforce Admin is a skilled professional who works with stakeholders to help them tailor the Salesforce platform's apps in accordance with their business...

Reunite at the 2020 East Midlands Bricks Awards

Presenting the ideal forum to celebrate success and establish new contacts, within a safe and secure environment, this year’s highly anticipated East Midlands Bricks...

Related news

Works set to commence in August for redevelopment of Skegness Industrial Estate

Midlands-contractor G F Tomlinson is due to start highway infrastructure works this August as part of the £2.4million re-development of a mixed-use business park site in...

Rowley Turton shortlisted at national awards for three years running

Leicester based Chartered Financial Planners, Rowley Turton, have been recognised as one of the UK’s best financial advisers by being shortlisted for ‘Financial Adviser...

Developers acquire key Nottingham city centre sites

Developers Peveril Securities and Sladen Estates, the team behind the landmark Unity Square scheme in Nottingham, have acquired a number of key buildings in...

Simple Marketing Consultancy celebrates 10 years in business

Simple Marketing Consultancy (SMC), the Nottingham-headquartered marketing services specialist, has recently celebrated its 10th anniversary. Founded on 10 August 2010 CIM qualified Chartered Marketer Bev...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close