Pre-pack deal saves all jobs at facilities management firm

More than 100 jobs have been saved following the pre-pack sale of a facilities, waste management and fire protection firm.

Dovetail Group appointed administrators at FRP after experiencing financial difficulties due to a number of fixed-price contracts.

The Solihull-based provider of environmental management, passive fire protection, commercial cleaning and landscaping services struggled to secure further external financing.

A pre-pack rescue deal was secured with L&L Group on FRP’s immediate appointment on January 15.

All 102 jobs at the firm have been saved, with all staff transferring to the new owner under the TUPE provisions. It is anticipated that the business will continue from its two sites in Solihull.

Martyn Pullin and David Willis, partners at FRP, were appointed as joint administrators of Dovetail on January 15, and on their appointment immediately secured a pre-pack sale of the company to L&L Group.

Martyn Pullin, partner at FRP said: “This deal represents a positive outcome for a long-established business wrestling with inflationary pressures and challenging trading conditions. A strong customer base and pipeline of projects made it an attractive acquisition and puts the business in a position to grow under new ownership.

“We’re pleased to have given over 100 employees the peace of mind that comes with knowing their jobs are once again secure.”