'Lots of interest' from potential buyers of town's Woodberry
companies have shown interest in buying Highbridge's Woodberry
Bros & Haines since the firm went into administration earlier
PricewaterhouseCoopers (PwC) told Burnham-On-Sea.com on Wednesday
(July 23rd) that discussions have taken place with several firms
who have "expressed an interest in acquiring the business
first reported here,
the long-running company laid off 163 of its 175 workers on July
2nd after experiencing financial difficulties. The
firm, based on the Walrow Industrial Estate, had a turnover of
£10m and has manufactured furniture for retailers across
the UK since 1949.
spokesman at PricewaterhouseCoopers told Burnham-On-Sea.com this
week: "Since appointment the administrators have worked hard
with the support of certain key customers and suppliers to fulfil
some outstanding orders from finished goods stock using the few
has been done to enable discussions to take place with parties
who have expressed an interest in acquiring the business and assets,
which have been numerous."
far, despite interest shown, no investment into, or sale of the
business has been concluded."
and Ross Connock and Matthew Hammond were appointed as joint administrators
of Woodberry Bros & Haines Limited on Wednesday 2nd July 2014.