Future unclear for luxury leather goods manufacturer
The future of an East Midlands leather goods manufacturer which employs 50 people is in doubt after the company filed a notice of intention (NOI) to appoint administrators.
The NOI was posted on Wednesday June 7 by law firm Clarions on behalf of Naseby-based Roma Leather.
Roma Leather was set-up in 1981 and, according to its website, uses Italian and other European leathers to make belts and dog leads.
The firm claims to draw on the skills and experience of local artisans to produce its goods, describing its staff as “masters at their craft”.
The firm says it produces between 5,000 and 10,000 leather belts and small leather goods a week from its factory in Northamptonshire.
In its latest accounts made up to the end of 2022, Roma Leather had assets of just over £750,000 and owed almost £645,000 to creditors. It was owed almost £370,000 over the same period.