Havelock
The HavelockStored jobs as Havelock Europe is on sale to admins.
Over 300 positions were safeguarded at Havelock Europe, Fife, after the company was purchased out of the management. Havelock International, a new company founded by Rcapital, a turn-around specialists, was acquired as part of a pre-pack management team. In all, 320 workplaces were under threat after Havelock, located in Kirkcaldy, had to accept a decline in orders.
The Havelock Europe clients include Primark, Holland and Barrett as well as House of Fraser. The Havelock Europa has its origin in Kirkcaldy and in the carpentry trade of shop fitting for almost 150 years. Our managerial staff will stay on the spot. "We' re pleased to have ensured the company's and Havelock's employees' futures.
It was a very hard time," said Havelock boss Shaun Ormrod: "This has been a very challenging time for our people, our clients and our entire delivery network. "The PwC staff has, however, worked untiringly to ensure this divestiture, which gives Rcapital the possibility to assist the senior leadership in the implementation of its turn-around plans.
Josie Richardson, Managing Partner of Havelock, added: "The Havelock franchise is powerful and offers refurbishments for some of the UK's best-known names. "Our goal is to provide the best possible client services and sustained expansion by supporting and working with our managers and operating team. "Facilitation for our members is the overall sense, because the immediate company's futures were contingent on new investments - but we are conscious that there will be a challenge.
"We' ll get together with the new owner as soon as possible to define their plan for the facility's and staff's futures.
The Havelock Europe goes into management
Headquartered in Kirkcaldy, Havelock Europe manufactures furnishings and furnishings for stores and commercial and public use. Europe said that if conditions do not improve, its executive committee plans to nominate admins within 10 working sessions. "However, the secure debtors can nominate admins without any obligation to give notice," it says. The Havelock Europe clients include Primark, Holland and Barrett as well as House of Fraser.
"We all hope that in the next few nights a purchaser will move forward to make a living," he said. "but we don't believe they're insurmountable."