Trouble deepens at Norman & Underwood
The dedicated conservation arm of 200-year-old glazing and roofing specialist Norman & Underwood has filed a notice of intention to appoint administrators (NOI), casting fresh doubt on the future of the troubled Leicester firm.
Norman & Underwood Conservation Limited posted the NOI on Thursday (29 June) via Freeths, TheBusinessDesk.com understands.
In doing so, it has followed suit with its parent organisation, which has filed two NOIs in the last month and is currently up for sale.
Norman & Underwood – one of the oldest family-owned companies in the East Midlands – has worked on some of the UK’s best-known buildings, including Westminster Abbey, St Paul’s Cathedral, Hampton Court Palace and Chatsworth House.
Accounts show its conservation business employs an average of 7 people.
Earlier this month, a spokesperson told TheBusinessDesk.com: “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 bids have been made for the stricken company, but the posting of a second NOI – and this latest manouevre by its conservation business – suggests the sale process remains live.
