Textile firm bought out of administration by local rival

Rochdale-based TBA Textiles has been sold out of administration to local rival The Fothergill Group, saving the jobs of all 57 of its workforce.

TBA entered administration on May 30 with Ben Woolrych and Russell Cash, partners at FRP Advisory appointed to handle its affairs while it continued to trade as a going concern.

Based at the Transpennine Trading Estate on Gorrells Way, Rochdale, TBA Textiles has a history going back 120 years as a global developer and manufacturer of an extensive range of high performance passive fire protection textiles and products, such as fire curtains, barriers and hoods used mainly in the construction, marine and transportation industries.

Woolrych said: “We are pleased to have secured the future of TBA Textiles which is a great result for its staff and the wider Rochdale manufacturing community.

“Fothergill’s long history in the manufacture of high quality, high performance technical textiles makes a good fit for TBA Textiles and we wish the new owners all the best for the future.”

Solicitors at Addleshaw Goddard’s Manchester office advised the administrators at FRP Advisory, while solicitors at Gateley plc in Manchester advised the purchasers at Fothergill.