More than 120 jobs at risk as St Neots business enters administration
- Credit: Archant
A St Neots firm has gone into administration for the second time, potentially putting more than 120 jobs at risk.
Anglo Interiors, in Station Road, is a shop fitting and retail interior design company which supplied high-profile clients such as Next, Gap, Arcadia and Hotel Chocolat. It employed 120 permanent staff and dozens of contract workers at its 130,000 sq ft manufacturing unit.
Jason Baker and Paul Allen from FRP Advisory were appointed as its joint administrators on October 2. Some of its assets, including high-tech woodworking equipment, machine tools and metal fabrication equipment will be put up for an online auction, organised by recovery and insolvency support group Winterhill.
Simon Creber, director of machinery and business assets at Winterhill, said: “Anglo Interiors was a major employer in St Neots and the firm’s collapse is tremendously sad for the whole area and no doubt a symptom of the wider financial troubles faced by the retail sector.
“Winterhill has a great deal of experience in organising online auctions, which enable us to reach the widest audience of prospective buyers and provide the best chance of maximising the sale price of assets.”
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An FRP Advisory spokesman told The Hunts Post: “The joint administrators are continuing with their statutory duties and also continuing to realise the assets of the company in administration. The items to be auctioned do not form an asset of the company and are under the direct control of a finance company.”
Anglo Interiors had been rescued out of administration in 2012 when a buy out saw the company move to the Station Road site, which was four times the size of its previous facility in Little End Road and equipped with state-of-the-art machinery.
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INFORMATION: The assets will be auctioned on www.bidspotter.co.uk from November 18-20, and viewings can be arranged on November 17 and 18 by calling Winterhill on 01254 763183.