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

Contractor to be replaced at £200m Liverpool Chinatown site

Bilt Group being removed from developer North Point Global's sites
1 day ago

Construction buyers report surge in workloads

But material price rises hit five-year high
1 day ago

Sparks set to blockade Crossrail site

Industrial relations row with Crown House escalates
1 day ago

Lidl unveils £70m Doncaster warehouse plan

Construction to start next year at the iPort site in Rossington.
1 day ago

Berkeley profits soar despite 20% drop in buyers

Stamp duty hike hitting reservations but house builder sets new £3bn profit target
1 day ago

Bidding to start for £30m Lancaster Uni upgrade

Management School will be redeveloped next year
1 day ago

Graham wins £134m Aberdeen hospital project

Work will start on two healthcare facilities in 2018 at the Foresterhill Health Campus
2 days ago

Betting Spy: Chelsea look a big price to beat Man City

Blues worth backing at 5/2 while West Ham are well and truly in a relegation dogfight
2 days ago

Laing O’Rourke jv wins £350m Metrolink Trafford extension

Work to start in late January on 5.5km Metrolink Trafford Park line
2 days ago

Heathrow names seven firms for airport design

Amec Foster Wheeler, Arup, Atkins, Grimshaw, Mott MacDonald, Jacobs and Quod form expansion team
2 days ago

Dandara wins funding for three major PRS schemes

High rise projects in Manchester, Leeds and Birmingham to provide 2,000 rented homes
2 days ago

Electricians down tools on Crossrail site

60 Crown House sparks "cabin-up" as latest row erupts on job
3 days ago

Watkin Jones to start 24-floor Cardiff student tower

City centre Bridge Street scheme forward sold allowing building start
2 days ago

Plans in for £150m Assembly Bristol scheme

Property investor AXA plans to start work next year on Temple Quay scheme
2 days ago

Scientists plan “living lab” office to monitor worker health

BRE to refurb office block to run real life tests on impact of building products
2 days ago

Merged housing association giants plan 50,000 homes

Affinity Sutton and Circle Housing double construction plans
2 days ago

Green light for major London city office rebuild

60 London Wall building will be stripped back to steel frame for redevelopment
2 days ago

Highways England to replace Amey in Areas 6 and 8

Highways England and Amey part ways by mutual consent in eastern England
3 days ago

Hard Brexit will cost construction 215,000 workers

Skills gap could become a "skills gulf" as influx of EU workers slows down
4 days ago

R G Carter wins £23m Luton science block

University of Bedfordshire goes ahead with STEM building in Luton town centre
3 days ago

ISG set for £60m Westminster City Hall revamp

Work to start early next year on the two-year tower overhaul project
3 days ago

Bristol Uni plans £300m campus in Temple Quarter

Derelict former mail sorting office site to be transformed
3 days ago

Keltbray to expand sheet piling nationwide

Northern office now planned following move into Scotland
3 days ago

McMullen lands facade package for Google office block

Carillion awards subcontract for latest office block at King's Cross
3 days ago

Breedon expands in the north with £16m acquisition

Breedon bolts on cement import facilities with Sherburn Minerals deal
3 days ago

Chinese firm signs £85m deal to start on Manchester site

BCEG agrees construction contract for first phase of Middlewood Locks development
4 days ago

Sir Robert McAlpine bags Big Ben tower revamp

McAlpine secures pre-construction contract for £23m Elizabeth Tower restoration
4 days ago

London Mayor targets 90,000 lower cost homes

Capital's planning rules relaxed to encourage build to rent schemes
4 days ago

BAM drafted in for Hub South East framework

BAM joins Morrison and Graham as Scottish Hub gears up for expansion
4 days ago

Willmott Dixon splits into three sister businesses

Shake-up will allow residential business to seek new minority investor
5 days ago

Contractor services

Most read