FRAME WISE LIMITED (IN ADMINISTRATION)
W John Kelly and Mark Malone of the Birmingham office of Begbies Traynor have been appointed joint administrators of the above Company on the 24th February 2015. The business based in Presteigne in Wales trades from significant freehold and leasehold premises and is an award winning timber frame building manufacturer. Recent losses and a bad debt gave rise to cashflow difficulties which gave rise to the Directors seeking the protection of an administration order.
Trading has ceased and the workforce of approximately 40 people have been made redundant. However, the administrators believes it provides an ideal opportunity for an investor who could be interested in purchasing a well established award winning business that was well on the way to creating a “heatless housing” concept.
Interested parties should contact the administrators or Louise Everill at their Birmingham office at Birmingham@begbies-traynor.com or by telephone on 0121 200 8150.