The P&A Partnership seek buyers for leading timber company

25 March 2011 By Northern Lights

The P&A Partnership seek buyers for leading timber company image

Andy Wood and Christopher White of The P&A Partnership, Sheffield, have today (25 March) been appointed joint administrators of Nottingham timber company F W Mason & Sons Ltd.

The family business, founded in 1929 and based on a 12 acre site at Colwick, is one of the UK’s leading manufacturers and distributors of timber products.

Mr Wood confirmed that the administrators will carry on trading the business.  He said: “There is a good core business and we believe that by continuing to trade we have the best chance of finding a buyer.

“The company had been hit by a number of factors, including rising fuel costs, lack of finance to modernise the business and loss of long standing customers to the multiples.”

The P&A Partnership is a leading specialist business turnaround and insolvency firm with offices across the UK and in London.  Their support for businesses includes restructuring, finance brokering, debt collection and selling assets.

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Written by Northern Lights

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