Mike Dillon and Katy McAndrew of Leonard Curtis Business Rescue & Recovery were appointed Joint Administrators of C.F. Labels Limited, the High Peak based self-adhesive manufacturer, on 26th March 2021.
The business entered administration as a result of a bad debt and the ongoing impact of the Covid-19 pandemic. Despite a number of cost cutting measures the company fell behind with its financial obligations and professional advice was sought. As a result, the appropriate steps were taken to preserve the business.
After a period of marketing the administrators concluded a pre-packaged sale of the business to a connected party, resulting in the safeguarding of 19 jobs.
Leonard Curtis Business Rescue & Recovery is part of the Leonard Curtis Business Solutions Group.
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