273 jobs saved in pre-pack administration deal

5 September 2014

Northwich-based management business, BDi Holding Group Ltd, has been bought out of administration by Select Security (Northwest) Limited in a pre-pack administration deal.


Joint administrators, Brian Green and Paul Flint of KPMG, were appointed on the 2nd September and immediately secured a sale of the business and assets, safeguarding nearly 273 jobs as well as all customer contracts.


BDi Holding Group ran alongside five other companies, including BDi Cleaning Services Ltd, BDi Contact Services Ltd, BDi CCTV Limited, BDi NW Limited and BDi Commercial Services Limited. The Group provides a range of nationwide services, including security, cleaning, CCTV installation and key holding.

 
Joint administrator, Paul Flint, commented “We are delighted to have been able to conclude a sale of the business and its assets immediately following our appointment, preserving almost 300 jobs and ensuring a continuity of service for customers.”


Pre-pack administration has been the best solution in this case as the business can continue running and jobs can be transferred over to the new company, avoiding any redundancies. 

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