Pod maker Badekabiner goes under again

Grant Prior 12 years ago
Share

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

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

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
2 mins ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
18 hours ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
37 mins ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
36 mins ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
15 hours ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
3 mins ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
24 hours ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
1 day ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
1 day ago

New scheme fuels London lab building boom

Plans in for 160,000 sq ft Whitechapel scheme near Royal London hospital
1 day ago

Contract race starts for next £155m section of A9 dualling

Prior Information Notice published for Tay Crossing to Ballinluig stretch
2 days ago

£55m Sheffield build-to-rent scheme approved

Demolition to start later this year for 158-flat Sheffield Garden project
2 days ago

London back as most expensive place to build in world

Capital leapfrogs Geneva to top costliest construction rankings
2 days ago

Gas supplier Regent to buy TClarke for £90m

£491m turnover listed building services specialist to be sold
2 days ago

Steel contractor Billington launches into bridge market

Steelwork firm hires staff from failed architectural and bridge specialist SH Structures
2 days ago

McGee employees benefit from rise in profits

Pre-tax profit doubles boosting payouts for Employee Ownership Trust
2 days ago

Lendlease veteran is latest new McAlpine director

Paul Sims joins as Operations Director after 40 years at rival contractor
3 days ago

Costain signs site labour supply deal with four firms

Contractor to use only a quartet of providers for temporary labour supply
2 days ago

BAM go-ahead for Leeds 200,000 sq ft office

Latitude Yellow will complete final plot at Doncaster Monk Bridge site
3 days ago

VolkerFitzpatrick wins £30m logistics job

Latest deal to build five distribution units for Prologis UK
3 days ago

Trio win new Scape utilities consultancy framework

Perfect Circle, AtkinsRéalis and Arcadis win places on
2 days ago

Precast firm FP McCann cleared after immigration raid

Home Office takes no action after public raid on construction site
3 days ago

Wates-owned SES restructure delivers record profit and revenue

Building services contractor revenue soars to almost £300m
3 days ago

25 groundworks firms win £100m Places for People deal

M&J Evans, Carmac and Churngold Construction feature in housing association's line-up
3 days ago

Energy efficiency firms angry at lack of CITB support

SME contractors funding bid "does not meet the current criteria for supporting productivity or EDI"
3 days ago

£400m South Cambridge science park approved

Outline approval allows former sewage treatment works to be demolished
3 days ago

McLaren gets green light for 45-storey Leeds tower

Landmark Wellington Square scheme will see 464 flats built with 360,000 sq ft of offices
6 days ago

Heavy rain causes 1.9% construction output fall

Hopes remain undampened of a resi-led recovery this summer
6 days ago

Taziker restruture to return to profitability after £1.2m loss

Founders bought the business back from private equity after last year's loss
6 days ago

£220m London wharf homes scheme approved

285 homes to be built beside protected Albert and Swedish Wharves in Wandsworth
6 days ago

Contractor services