Talk to us today in confidence0800 970053907833 240747

Furniture Godfrey Syrett has gone into administration

Written by Robert Moore Marketing Manager 11 January 2019

Be the first to comment

Newcastle-based furniture manufacturer, operating from sites in Langley Moor and Belmont, Godfrey Syrett, has gone into administration with the loss of almost 200 jobs.

The company designed, manufactures and installed furniture for commercial and public sector customers.

James Lumb, Howard Smith and David Costley-Wood of KPMG were appointed as joint administrators on Tuesday 8 January.

KPMG confirmed that the company has ceased trading while the administrators review its position and pursue opportunities to sell the business.

11 employees have been kept on while administrators assess the company's position, with 193 made redundant.

James Lumb, joint administrator and director at KPMG, said: "Challenging trading conditions in the bespoke furniture sector, coupled with severe cashflow difficulties, have proved unsustainable for the business and led to the administration.

"We are supporting staff through this difficult period and will assist their claims to the Redundancy Payments Office."If you want more information on your rights as an employee then please read our page for employees

Categories: Manufacturing / Engineering, What is administration


Post a Comment

Please keep your comments relevant. Company Rescue reserves the right to edit or delete comments.

The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of Company Rescue. All comments are made in good faith, and Company Rescue will not accept liability for them. We may contact you in response to your comment – by submitting your comment, you are consenting to this.

To find out more about how we collect, use and protect your data, please read our privacy policy.

You are currently offline. Some pages or content may fail to load.