A UK furniture manufacturer has entered liquidation after operating since 1980. Liquidators have been appointed to Kontoor South Wales Limited during a virtual meeting on February 20, the notice confirms.
The company has entered Creditors Voluntary Liquidation, which happens when management volunteers to wind up the business when it cannot repay its debts to creditors. The move can only be made when 75% of the company’s shareholders agree, according to the UK Insolvency Service.
Kontoor South Wales Limited has a registered address of 27a Sturmi Way, Village Farm Industrial Estate, Pyle, Bridgend, Wales. According to Companies House, the official UK database for limited companies, Kontoor South Wales, which operates as Kontoor Manufacturing, has been in business since 1980. It was called Electrocoin (Manufacturing) Limited from its inception until 1988, when its name changed.
The notice shared today reads: “Notice is given that at a General Meeting of the Company, duly convened and held at the place and on the date given above, a special resolution was passed that the company be wound up voluntarily; and an ordinary resolution was passed appointing the Joint Liquidators for the purposes of the winding-up.”
Dean Anthony Nelson and Emily Louise Oliver of PKF SC Advisory Limited have been appointed as joint liquidators. Kontoor’s website says it is proud to offer a service that “you can depend upon in every way” with a focus on detail and quality.
The company specialises in cabinets and other pieces of furniture. “We are a small privately owned business based in Pyle South Wales, employing our team [of] around 22 local people, many who have served for over 30 years,” it says.
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The company’s services range from initial furniture design, manufacturing and installation. It uses 2D and 3D computer-aided Design to come up with designs, which are then discussed and agreed upon with clients before production begins.
It creates cabinets for retail, gaming, vending and hospitality. They also produce fast-to-build retail display units, as well as toys and play equipment.
The Daily Express has contacted Kontoor South Wales Limited for comment.
Meanwhile, UK furniture company Slzzp, which specialises in beds and mattresses, has faced financial difficulties, which led to the appointment of administrators.
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