Laundry company goes into administration
13-Dec-2016White Knight Laundry Services has gone into administration, resulting in site closures in Eastbourne and Reading. 131 employees have been made redundant while a small group will be kept on to assist in the winding down of the company.
Founded in 1904, the company specialised in laundry cleaning services as well as offering linen hire to restaurants, hotels and the healthcare industry. Due to ongoing work flow problems, the Eastbourne site became ‘financially unsustainable’ and the company felt administration was the best solution for creditors.
Joint administrator Steve Absolom commented, “Despite the efforts of management to effect a turnaround, the management have taken the difficult decision to place the company into administration.”
"Over the coming days, our priority is to ensure all employees who have been made redundant receive the information and guidance they need in order to claim monies owed from the Redundancy Payments Office.”
KPMG were appointed administrators to the company last week and are looking to find a suitable buyer for the business’s mothballed site and its assets.
If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an 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. Please contact KPMG who are handling the administration for further assistance if you are affected.