35 jobs saved as sportswear manufacturer sold out of administration

Some 35 jobs have been saved after a Nottingham sportswear manufacturer was sold out of administration.

Dreamsport called in administrators from Grant Thornton on March 30 after suffering a decline in trading following the outbreak of the Covid-19 pandemic.

Dreamsport designs, develops and manufactures customised sports kit for international, professional and amateur clubs, universities and schools.

A spokesperson for the joint administrators at Grant Thornton UK said: “Following their appointment, the administrators secured the sale of the Company’s Teamwear division to an unconnected third party (Dreamsport 2022 Limited, part of the The Stevenson Group), which secured the employment of 35 people. However, there was no interest in acquiring the remainder of the business and unfortunately this has resulted in the redundancy of the remaining five employees.

“The administrators are continuing to carry out their statutory obligations in respect of realising remaining value from the company and ensuring an orderly wind-down. Further information will be made available in due course.”