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Kitchen and Bathroom firm, Mark Two, is in administration

28 November 2014

Bolton-based Mark Two entered administration on Wednesday (26th November) after the supermarket Tesco terminated its contract with the company, resulting in the loss of 140 jobs.  

Employees were told earlier this month they were to be made redundant, however it is only now that many can claim statutory redundancy pay as the firm has officially entered administration. The firm will continue to honour contracts with Debenhams and Laura Ashley. 

Duff & Phelps were appointed administrators and are now assisting the company through the process. David Cullen, CEO of Mark Two’s parent company Ultra Finishing, said “Now Mark Two had gone into formal administration it means that the people who haven’t been paid can get on with their claim.”

“A number of people were paid on Tuesday until the end of November, but who and why is now the administrators' decision.”

Often when a company loses a big contract, this puts immense pressure on cashflow and with regret Mark Two’s employees have had to be made redundant. Now it is case of whether the company is sold to an interested buyer or it ceases trading and enters liquidation. 

We are not involved in the administration and questions should be directed to Duff & Phelps who are handling the administration.

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.


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