Investment firm collapse fallout continues as another caravan firm alerts administrators
A Northamptonshire-based caravan retailer that is linked to stricken Robinsons Caravans in Chesterfield is itself looking at a bleak future, TheBusinessDesk.com understands.
White Arches Caravans, a family-owned business that has been trading for over 45 years, has posted a notice of intention to appoint administrators. The move protects the firm from creditor action for a period of around ten days.
The company has two outlets, in Rushden and Little Irchestrer, near Wellingborough. It’s parent vehicle, PN Sharpe, has also posted a notice of intention to appoint administrators.
Both firms have a registered address that is linked back to Robinsons Caravans, which last week closed its Chesterfield branch after administrators from Interpath were brought in – a move which prompted the founder of the firm to contact TheBusinessDesk.com to express his “shock” at the demise of the firm.
The former owner of Robinsons Caravans and current owner of White Arches is investment firm MBH Corporation, which collapsed last month.
In its latest available accounts, made up to the end of September 2022, before the takeover by MBH, turnover at White Arches rose by over £7m to £25m, while profits were up over £300,000 to £1.2m. At the time, the company employed 77 people.
