MP and Mayor react to Highbridge furniture firm's administration
Mayor and MP have expressed their shock at this week's announcement
that one of the town's longest-running employers has entered administration.
furniture firm Woodberry
Bros & Haines has recently experienced financial difficulties,
and has not been successful in finding a buyer or new investment.
and Highbridge MP Tessa Munt told Burnham-On-Sea.com: "This
is very sad news. It's a dreadful day for the town and all those
who have worked at the company for many years. My thoughts go
out to them."
town's Mayor Cllr Martin Cox, right, added: "It's come as
a shock to me that one of our biggest local employers has gone
know this will affect a lot of people in our community through
lost jobs and income. It's a great shame and my thoughts are with
long-running firm, which was based on the Walrow Industrial Estate,
employed 175 staff and had a turnover of £10m. It has manufactured
furniture for retailers across the UK since 1949.
PricewaterhouseCoopers (PwC) said that late last week a key trade
supplier issued a winding up petition, accelerating the firm's
crisis. Read the whole statement here.