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

All tower block cladding checked so far fails fire test

Cladding on 34 high-rise blocks in 17 local authorities fail combustibiltiy tests
5 hours ago

Crewe crane collapse victim was teenager on first job

Police identify both victims after crane came down while being erected
23 hours ago

Celotex to stop supply of Grenfell insulation to towers

Insulation giant halts supply for rainscreen cladding systems to high-rise buildings
2 days ago

Police consider manslaughter charges after Grenfell fire

Detectives "seizing relevant material from a number of organisations"
2 days ago

Council chief sounds warning over Battersea build costs

Wandsworth planning chairman claims project is facing "significant challenges"
2 days ago

Over 200 Birmingham tower blocks to get sprinklers

Council could delay its building projects to fund £31m retrofit programme
2 days ago

First tests reveal combustible cladding on 11 towers

Up to 600 towers need to be checked
3 days ago

Safety alarm raised over fall in HSE construction visits

Surprise site visits by inspectors drop by 14%
2 days ago

Plans for 35-storey Manchester student tower

Unite unveils plan for 600-bed student block near Oxford Road station
2 days ago

London’s Camden Council to strip cladding from five towers

Chalcots Estate project was delivered by Grenfell contractors Rydon and Harley Facades
3 days ago

Contractors urged to stop asking site chefs for skills cards

Firms urged to use common sense over allowing non-construction staff on sites
2 days ago

Planning thumbs up for £150m Lincoln shopping centre

St Marks shopping centre owner Standard Life plans to start work in 2020
2 days ago

Two killed in crane collapse on Crewe construction site

Tower crane comes down on Seddon site
4 days ago

Berkeley cleared to fast-track scheme for Grenfell survivors

Homes and Communities Agency strike deal to buy Kensington Row luxury apartment scheme
4 days ago

Buckingham Group targets £500m revenue in 2018

Profits soar as firm eyes swelling pipeline of stadium projects.
4 days ago

Five more Edinburgh schools found with building defects

Investigation reveals more schools in Edinburgh suffered wall-tie defects
3 days ago

Galliford/Lagan jv wins £135m RAF Marham hangar

New hangar will house a dozen F-35B vertical take-off jets
4 days ago

CIOB sets up commission to probe control of build quality

Paul Nash to lead urgent review into behaviour that undermines quality in construction
4 days ago

Barratt names new finance boss

Barratt promotes Jessica White to top financial executive
3 days ago

Opinion: Construction must say never again to another Grenfell

The industry must break with its lowest cost culture
4 days ago

Profits soar at Berkeley despite housing market uncertainty

Berkeley worried about Brexit impact on skills as half its site labour comes from EU
4 days ago

Hewden sell-off raises £120m but trade creditors get pennies

More than £41m was owed to plant hire giant's trade creditors
4 days ago

New Bovis Homes boss buys extra £2m shares

Greg Fitzgerald raises his shareholding to around £3.2m
4 days ago

Kier and Bouygues look for London subcontractors

Major meet the buyer event in the capital next week: Register now
5 days ago

Croydon council to retrofit 25 towers with sprinklers

Council to start £10m sprinkler programme in tallest housing blocks
5 days ago

Yorkshire builder’s MBO deal sowed seeds of own demise

George Hurst & Sons never recovered from an MBO a decade ago saddling the business with debt
5 days ago

Queensferry Crossing to open on August 30

End in sight for contractors who have battled against high winds for six years
5 days ago

Councils ordered to check rainscreening on all buildings

Government to fund fire rating tests on all aluminium composite material clad buildings
6 days ago

Morgan Sindall infrastructure boss to join Lagan

Nick Fletcher to return to Lagan as Chief Operating Officer
6 days ago

Architect makes loss as construction market peaks

Aukett Swanke struggling for commissions as market hits "bottom of the cycle"
5 days ago

Contractor services