STORY UPDATED: Deeside firm bought out of administration and continues to trade
Patrick Lannagan and Conrad Pearson of Mazars LLP have been appointed Joint Administrators of Collister & Glover (Pipeline Materials) Ltd (“the Company”), as of 11 August 2020.
The Company is a leading plumbing and supplies merchant trading from premises in Deeside, Wales with 13 employees.
The Company has experienced cash-flow difficulties as a result of difficult trading conditions in the sector, particularly during the Covid-19 pandemic. As a result, the director took the decision that the company should enter Administration and regrettably it has been necessary to make 7 redundancies, from an original staff of 13.
Conrad Pearson, Joint Administrator, said: “Trading continues at present in a limited form and we are seeking buyers for the business and assets, and welcome any interest that may be forthcoming in those. The Administrators will be writing to all creditors over the next few days with further details of the next steps in the process”.
