Nearly 100 workers lose jobs as office furniture firm goes into administration

A Lancashire-based office furniture manufacturer and supplier has gone into administration with the loss of nearly 100 jobs.

This follows a business review of £9.5m turnover Darwen-headquartered GGI Office Furniture (UK) which was put up for sale some weeks ago.

Accounts for the end of May, 2015 said the company made a £1.3m loss. Accounts for 2016 are overdue.

In 2015, the firm said the main risks to the compnay were that it continued to operate in “low margine product categories that no longer provide the large volumes of previous years”.

Despite more than 20 parties expressing an interest, no firm offer was made causing the firm to cease to trade and the 99-strong workforce to be made redundant.

Advisory firm CLB Coopers has been appointed to manage the process with senior directors Mark Getliffe and Diane Hill appointed as joint administrators.

Getliffe said: “Unfortunately, after much effort by management, the volumes required to make the business viable going forward.

“Despite the requirement to make redundancies, we have been approached by local employers who are recruiting and am aware of six people who have already secured new jobs; I am sure there will be many more.

“We do still have interested parties looking at parts of the business which was renowned for manufacturing a wide range of products to a high standard.”

Click here to sign up to receive our new South West business news...
Close