Pod maker Badekabiner goes under again

Grant Prior 14 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

Ardmore Construction Ltd falls into administration

Move isolates fire safety claims, leaving main Ardmore group free to grow profitability
2 days ago

Aston Villa gets go-ahead for £100m North Stand expansion

Project to modernise 1897-built ground ahead of EURO 2028
2 days ago

Quartet wins £1.75bn Midlands Rail Hub upgrade deal

VolkerRail, Laing O’Rourke, AtkinsRéalis and Siemens team up on Birmingham upgrade
3 days ago

McLaren confirmed for £250m Cardiff arena

Robertson Property secures planning green light for 16,500-capacity venue
3 days ago

John F Hunt starts work on £150m West End office revamp

Six month strip out deal at 125 Shaftesbury Avenue
2 days ago

Former Skanska vice president to join Galliford Try

Thomas Faulkner to head up specialist services division
2 days ago

Bowmer + Kirkland snaps up office fit-out firm Denton

Acquisition gives £40m turnover interiors specialist firepower to chase bigger jobs
3 days ago

Contractors sought for £667m Welsh Water mega project

Utility tests appetite for design, build and finance for twin water treatment jobs
3 days ago

Worker killed on Mace London site

Fatal accident on major site in Brent
4 days ago

Willmott Dixon veteran takes construction COO role

Former trainee Stewart Brundell promoted after nearly 40 years at the firm
4 days ago

BSR delays dent margins at OHOB despite record sales

Turnover up 18% to £369m as pre-tax profit nudges £22m
3 days ago

Plans go in for 30-storey Preston tower

£40m scheme will be tallest residential building in Lancashire
3 days ago

Former Laing O’Rourke leader to join Skanska

James Davies to oversee key defence and health projects
3 days ago

Green light for £10bn data hub prep works in Northumberland

Enabling works to roll out over 16 months on former Blyth Power Station site
5 days ago

VolkerWessels UK profits jump as rail and marine work surges

Infrastructure contractor posts £48m pre-tax profit and stronger order book
5 days ago

Groundworks boss wins payout over gagging order

Subcontractor raised fears over asbestos on housing sites
4 days ago

B+K to start £50m rebuild of Northumberland school

Cramlington Learning Village redevelopment contract signed off
5 days ago

New Homes Accelerator targets six new major sites

Construction to be sped-up on another 12,000 homes
4 days ago

Network Rail spend down as CP7 shift bites contractors

Firms warn of inflation squeeze and reprofiled workbanks
5 days ago

Wall of six towers planned for North London strip site

Hendon Goods Yard site plan for line of resi blocks rising to 29 storeys
5 days ago

SCF opens door to single stage tenders for first time

Gen-6 Southern Construction Framework to widen scope for smaller jobs
5 days ago

M&J Evans lifts profits as eastward regional push pays off

Groundworks specialist sharpens tender strike rate and grows pipeline to £504m
5 days ago

CHIC confirms 33 winners on £1bn housing framework

Equans, Guildmore, Seddon and Wates land spots on new four-year deal
5 days ago

Trade body joins attack on CITB over funding changes

Fit out specialists describe move as a "kick in the teeth"
5 days ago

Carey demolition cartel claim settled with developer

Legal action withdrawn after both sides agree settlement
1 week ago

Strabag seals financial close for £3bn HARP project

Work to start next year on North West's Haweswater aqueduct upgrade
1 week ago

Civils winners revealed for £12bn National Grid high voltage work

Contractor wins complete £59bn investment programme
1 week ago

Watch giant HS2 bridge move complete ahead of schedule

Video highlights engineering feat in Birmingham
1 week ago

Lee Marley posts record revenue despite project delays

Brickwork contractor weathers hiatus in high-rise starts to deliver fifth year of growth
1 week ago

Latest contract winners in military living revamp

First phase sites allocated under new approach to Single Living Accommodation
1 week ago