Engineering supplier Burdens in administration
BURDENS, a major supplier to the engineering sector, has fallen into administration.
Three partners from the Manchester office of Duff & Phelps, the insolvency practice, have been appointed to the long-standing group, which was founded in the 1920s and is headquartered in Bristol.
Last month the company sold 22 of its 38 branches to Wolseley plc. At that time the business had a turnover of more than £250m with over 750 employees.
In a statement Duff & Plelps said it is continuing to trade WTB Trading, formerly Burdens, as a going concern while a buyer is sought
Joint administrator Phil Duffy said: “Due to the established name of Burdens and quality of the business we have already been able to sell three of the branches within the group and have had interest expressed in the remaining 13.
“We will continue to trade the company as a going concern whilst we continue discussions with those parties interested in acquiring some, or all of the remaining depots.”
Burdens, owned by the founding family and its staff, is a well-known name in the utilities, infrastructure and construction sectors and supplies a diverse and comprehensive range of civil engineering products and services.
It has a depot in Newton Heath, Manchester and a finance base in Stoke-on-Trent.