Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Friday, 20 December 2013

Christmas decoration company is in administration

Fuzzwire, a festive decorations company, has brought in administrators after experiencing cashflow problems and difficult trading conditions over the last few months. It has previously put up decorations in Canary Wharf, shopping centres like Lakeside and Bluewater, as well as some of the UK’s biggest property firms.

FRP Advisory has been appointed administrator after 190 jobs were cut earlier this week, with 65 of them full-time and the rest part-timers or self-employed contractors. On-going contracts have been transferred to Australian company, MK Illuminations, in order to ensure decorations will be taken down for property owners in January.

It is yet unknown whether contractors will be employed by MK Illuminations.

We are not involved in the administration and questions should be directed to FRP Advisory who are handling the administration.

If you are an employee of the business, and you're worried about what might happen in the future, then please listen to the video below as it will tell you your rights as an employee of a insolvent business.  There is a link at the end of the video to the Government website which expands further on what you need to know.







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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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