Historic family firm edges closer to administration
Stricken glazing, metal roofing, cladding and building conservation specialist Norman & Underwood has posted a second notice of intention (NOI) to appoint administrators, TheBusinessDesk.com understands – casting further doubt on the future of the historic firm.
As we revealed earlier this month, the Leicester-based business – one of the oldest family-owned companies in the East Midlands – was put up for sale after posting an initial NOI.
At the time, a spokesperson told us: “The director is working with Begbies Traynor to try to secure a sale of the business and assets of Norman and Underwood Limited. Any expressions of interest should be addressed to Richard Temple at Eddisons richard.temple@eddisons.com.”
It is unclear if any potential suitors have come forward for the 200-year-old business, but the posting of a second NOI suggests the sale process is still ongoing.
A NOI is designed to give directors a short period of breathing space, protecting their companies from creditors for a period of ten days while they attempt to find a way forward.
Norman & Underwood has worked on some of the UK’s best-known buildings, including Westminster Abbey, St Paul’s Cathedral, Hampton Court Palace and Chatsworth House. It has also worked abroad on major projects including the British Embassy in Moscow and the Dome of the Rock in Jordan.
