Stone masonry firm tumbles into administration
7 Feb 2020
Howard Smith, associate partner, and David Costley-Wood, partner, from KPMG have been appointed joint administrators to J Rotherham Masonry Ltd, which has collapsed
7 Feb 2020
Established in 1927, J Rotherham Masonry is a bespoke kitchen worktop manufacturer. The company serves a large trade client base but, due to cash flow issues, sought to appoint administrators after it was unable to meet its financial obligations.
Following the appointment, 205 employees have been made redundant across its head office at Holme-on-Spalding Moor and manufacturing facility at Market Weighton.
Twenty-five back office and production roles have been retained to support the administration process and complete existing orders while a buyer is sought for the business and its assets.
Howard Smith, joint administrator and associate partner at KPMG, said: ‘J Rotherham has been delivering high quality stone masonry for more than four generations and has consistently invested in its manufacturing processes throughout its history.
‘While rising cost pressures and challenging trading conditions have led to the difficult decision of appointing administrators, it remains highly regarded by its peers and customers.
‘We are actively discussing the future of the business with a number of interested parties and hope to secure a positive outcome that will maintain the business in the area.’