The P&A Partnership appointed as administrators of Keighley joinery business

John Russell and Chris White of The P&A Partnership have today (February 3) been appointed administrators of Oakworth Joinery Ltd, the UK’s largest independent window and door manufacturer. 

The business in Keighley, West Yorkshire, employs 170 people and is the town’s second biggest employer.

John Russell said: “Our immediate priority is to look at options for the business and we are consulting with staff, creditors and customers.  Unfortunately Oakworth is a victim of the continuing downturn in the construction sector and of difficulties in accessing finance for new machinery.”

Oakworth Joinery was bought from Nobia Holdings UK Ltd in 2010 and has been manufacturing in the town since 1965. 

John Russell continued: “Oakworth’s directors have tried their hardest to keep the business trading profitably and took appropriate professional advice early on in order to give the business the best chance of survival.  They actually found a buyer themselves, but unfortunately the deal fell through last Friday.”

P&A have a website www.insolvency4employees.co.uk providing information and support for Oakworth employees.

The P&A Partnership is a leading specialist business turnaround and insolvency firm with offices across the UK and in London.  Their support for businesses includes restructuring, finance brokering, debt collection and selling assets.