Howard Smith Kpmg China
Administrators appointed to Cardinal Shopfitting and Systems
The Bradford-based company is an interiors manufacturer largely supplying into the retail sector, with clients including major high street chains, alongside a residential property offering.
The business is unable to continue trading given a collapse in its order book, following the impact of COVID-19 driving change and uncertainty in the retail sector post-lockdown.
Regrettably, this means 135 of the 170 staff - approximately half of whom were on furlough - were made redundant following the appointment of the administrators. The remaining 35 will assist the administrators in the short term to complete work in progress.
Howard Smith, Joint Administrator and Associate Partner at KPMG, said:
"Cardinal is a victim of the retail sector at large conducting a strategic reassessment of the needs of its store estate following the COVID-19 lockdown. Without plans to invest in their high street presence until 2021 at the earliest, Cardinal’s client base were unable to provide the necessary certainty over future contracts to enable it to continue trading.
"We have employment specialists liaising with the workforce to support them through the redundancy process."
For media inquiries only, please contact:
Alison Anderson, KPMG Corporate Communications
T: +44 (0)113 254 2980
M: +44 (0)7733 453 065
Follow us on twitter: @kpmguk
KPMG Press Office: +44 (0) 207 694 8773
About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff. The UK firm recorded a revenue of £ 2.40 billion in the year ended September 30, 2019. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
- How to use andino power bank
- Filozoficzno-psychologiczne i socjologiczne podstawy wychowania
- How to grow red Dacca bananas
- Cgewho mohali phase III water
- Chowdeshwari Kalyana Mantapa Yelahanka Bangalore Development
- Dinan Hanin how to get in
- Howaida al hashem wikipedia
- Afshin rahmani jahed chowdhury
- Where to get nbi freedom close to pasig
- How to review p States Hackintosh forums
- Beeswax in wholesale from certified organic cultivation
- Triforce Heroes How to Get Friendly Tokens
- Tectura international contacts WhatsApp
- What does star 611 mean?
- Tracker boats 12 ft what size engine
- A somewhat idealized graph of speed
- What is shakeout phase
- Niki chow friend 2015 calendar
- What coffee does Harvey Spector drink
- What is Shilajit Moomiyo
- Proteinoids form when they are returned to the water
- Where was furry vengeance filmed
- Always howland interview outfits