22 jobs saved as Leicester firm sold out of administration
Leicester based SBA, a leading distributors of safety & industrial consumables, has been sold out of administration.
Smith Cooper was appointed administrator on 27 March, and has completed a sale to James Boylan Safety (Ni) (JBS Group) that has protected the jobs of 22 employees.
JBS Group was established in 1944. It is owner-managed, with 120 staff across 8 branches in the UK and Ireland. The company supplies safety workwear and industrial supplies to such specialist areas as the British nuclear industry, North Sea oil and gas sector and electricity and gas utilities.
Michael Roome, director of business recovery and insolvency at Smith Cooper, who led the process, said: “SBA is a fourth generation business that has been trading for over 120 years so I’m delighted that we’ve been able to successfully navigate our way through a difficult period, securing the sale of the business and preserving 22 jobs.”
The business will continue to operate from its site in Leicester, allowing the JBS Group which currently operates from Aberdeen, Belfast, Cork, Derry, Dublin, Monaghan, Sheffield and Whitehaven.
Grattan Boylan, chairman of the JBS Group said: “We are very happy to save the 22 jobs. Our acquisition further extends our UK footprint. SBA is a good fit for us both in terms of culture and our growth strategy. We very much appreciate the support suppliers are showing. We look forward to further enhancing the business, on a sound footing.”
