Leather goods manufacturer on the brink
An East Midlands leather goods manufacturer which employs 50 people has edged closer to administration after it filed a second notice of intention (NOI) to appoint administrators.
The second NOI was posted on Wednesday June 21 by law firm Clarions on behalf of Naseby-based Roma Leather- two weeks after the initial NOI.
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.
