Jobs saved as homewares firm sold out of administration

A Chesterfield homeware designer and producer has been sold out of administration.

David Mason (Design), which called administrators in from Leonard Curtis and S T Bennett & Co on May 24, has been sold to D Mason Limited – a company funded by investors Baaj Capital.

Some seven jobs have been saved.

David Mason (Design) has been in business for over 60 years developing and designing products for the wholesale market together with the creation of bespoke ranges.

The business – whose brands included David Mason Design, Foxwood Home, and The English Tableware Company – had suffered from the adverse effects of COVID-19 and associated inflation. The need to shut down operations for a short period and increased shipping costs also adversely affected cash flow.

The deal to sell the firm was brokered by joint administrators Alex Cadwallader of Leonard Curtis and Stewart Bennett of S T Bennett & Co, assisted by solicitors Crowell Moring.

Cadwallader said: “I am pleased to confirm that we were able to complete a sale of this well-established business, both maximising the return to creditors and successfully transferring seven jobs to a new employer.”

Jas Singh, owner and director of Baaj Capital said: “This exciting acquisition accelerates Baaj Capital’s plan to invest across a wide spectrum of business opportunities – the homeware sector being only one area of interest.

“Baaj Capital has actively funded the acquisition of both distressed and solvent companies through many sectors over the recent past. David Mason Design incorporates both specialist product and innovative design with a reputation for quality and finish, and represents an exciting addition to the businesses trading with Baaj Support.

“Our thanks go to the Leonard Curtis and ST Bennett Team and company management for their help in delivering this project.”