Pod maker Badekabiner goes under again

Grant Prior 5 years ago
Share

Bathroom pod specialist Badekabiner has collapsed for the second time in two years.

pod

The Northumberland manufacturer is in administration again with the loss of 82 jobs.

Galliford Try is among the creditors owed cash after retaining a stake in the firm following a previous rescue.

Badekabiner blamed cash-flow problems caused by declining workloads and the collapse of a major customer which owed it nearly £500,000.

Administrators at Leeds-based PKF are looking for a buyer for the firm which had an order book of more than £8m when it collapsed and had been targeting revenues of £12m this year.

PKF partner Charles Escott said: “The business could potentially be quite successful again. It has a strong order book, considerable assets and potential workforce which is keen to get back to work.

“We have had quite few companies in the construction industry come to us already who are interested in buying the company and we will be looking to make a sale to the right buyer soon while keeping open talks with its customers, many of whom will want to resume supply of the bathroom pods into their developments quickly.”

Escott told nebusiness.co.uk that the firm’s books were still being examined but it is believed it owed more than £1m to suppliers, HMRC and to building giant Galliford Try, which owned 25% of the business before its collapse.

One supplier said: “We lost out before but were happy to carry on working for the business because it had a big name like Galliford Try behind it.

“But we have lost out tens of thousands of pounds this time, which is a lot to a small company.”

The firm was mainly owned by York-based entrepreneurs Andrew Forshaw and Mike Hampton who bought out a 75% stake from Galliford Try last August.

Galliford had only owned Badekabiner since November 2010 when it had bought it out of administration after original Danish owner EJ Badekabiner pulled the plug.

The firm was a major supplier on the Olympic Athletes Village where the ODA propped it up financially to keep work going.

Latest news

Aldi to open 70 new stores in next year

Budget supermarket chain aims to invest £300m in UK stores
13 hours ago

Crossrail faces demo over “missing” pay

Civils operatives claim high tech site access system is not registering all hours worked
20 hours ago

Morrison Utility Services promotes Jim Arnold to chief executive

Charles Morrison steps up to come chairman of utility contractor
14 hours ago

J S Wright lands £4m building services package

Specialist to start in December on Brentford resi site
14 hours ago

Wates appoints B&K director to head Midlands team

John Carlin joins Wates after 24 years with Bowmer and Kirkland
20 hours ago

Green light for £200m Manchester Kampus scheme

Demolition work to start this Autumn for 500 private rented flats project
20 hours ago

Arup blames Brexit for planned job cuts

Consultation starts on redundancies at London building division
21 hours ago

Surrey Uni seeks builder for £34m student hall

More student accommodation planned after O'Hare & McGovern bags first scheme
19 hours ago

Focus on Northern homes pays dividends for Gleeson

Owning a Gleeson home "cheaper than council house rent"
20 hours ago

BBC starts hunt for contractor to rebuild Eastenders set

Procurement race starts for £15m revamp of Albert Square
4 days ago

London South Bank Uni unveils £500m development plan

University starts hunt for developer to deliver 10-year plan
21 hours ago

Lakehouse job losses could hit 170

Redundancy programme continues at Essex contractor
4 days ago

Contractor hunt starts for £185m mixed-use Manchester job

Green light from planners for twin resi towers and office block
4 days ago

Mobile crane explodes causing fireball on M40

Highway contractors are planning to resurface the damaged part of the M40 today
4 days ago

Morgan Sindall on recruitment drive for £750m highways deal

Recruitment events in East Anglia next week: Register now
4 days ago

John Sisk front runner for £28m Manchester PRS flats

Finance secured for developer Mulbury's 135-home Port Street project
4 days ago

Near-miss for Crossrail workers as train hits power cable

Investigation launched after construction train rips electricity panel from tunnel wall
4 days ago

Nationwide Platforms md takes Ardent chief executive role

Jeremy Fish joins Ardent to steer expansion drive
4 days ago

Kier posts loss after £116m raft of one-off costs

Kier counts cost of Caribbean closure and Mouchel and May Gurney integration
5 days ago

Council set to tender £26m Dover leisure centre

Contractor due to be appointed next August for new Whitfield swimming and sports complex
4 days ago

Betting Spy: Leicester a big price to beat misfiring Man Utd

Spurs, Everton and Man City can land a 5/1 treble
4 days ago

Willmott Dixon unveils off-the-shelf police cell design

Contractor works with Canadian architect to draw up modular cell block design
5 days ago

Celebrity hosts confirmed for Construction Enquirer Awards

Comedian Russell Kane and TV architecture expert George Clarke to host big night: Last few tables remaining
5 days ago

Highways workers move to new coloured hard hat regime

Days numbered for green and yellow hard hats
5 days ago

Vinci set for £73m student scheme in Coventry

Work to start next month transforming former Royal Mail sorting office site
5 days ago

Midlands council sets up loan-funded house builder

Wolverhampton Council aims to build 800 homes on council land over next four years
5 days ago

Plans in for third office at Brum Arena Central

Developers to push ahead with post-Brexit 230,000 sq ft spec office scheme
5 days ago

Scaffolders get suspended jail sentences after site death

Court hears how safety railing was removed from site
5 days ago

Crunch Crossrail meeting as sparks demand £75,000-a-year

Threat of industrial unrest looms on project as contractors hampered by skills shortages
6 days ago

Queensferry bridge sets record as longest free-standing cantilever

Bridge builders prepare for the final deck sections to link 2.7km Forth crossing
6 days ago