Ross Connock and Rob Lewis of PwC were appointed as joint administrators of Bob Martin (UK) Limited on 26 November 2019.
Following their appointment, the joint administrators are pleased to announce the sale of part of the business and assets to Pets Choice Ltd.
The business is a pet healthcare and cat litter manufacturer, operating from a head office and manufacturing site in Yatton and a manufacturing and distribution site in Cardiff. The sale to Pets Choice Ltd has preserved 121 jobs and will help maximise realisations for the administration estate by minimising disruption to key customers and ensure ongoing trading relationships.
Unfortunately a buyer could not be found for the cat litter business in Cardiff and it will close with the loss of 53 jobs.
Ross Connock, joint administrator and PwC Director, said:
“The businesses had been facing severe financial difficulties caused by trading losses and liquidity issues. Following our appointment, we immediately completed a sales process (via a pre-pack) that had been running for several weeks. We are pleased to have secured the sale of the pet healthcare division to Pets Choice, providing some stability to staff at the Yatton site, although it is disappointing we were unable to secure a sale of the cat litter business at Cardiff.”
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Ross David Connock and Robert Nicholas Lewis have been appointed as joint administrators of the Company to manage its affairs, business and property as its agents without personal liability. Both are licensed in the United Kingdom to act as an Insolvency Practitioner by the Institute of Chartered Accountants in England and Wales.
The joint administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken.
PricewaterhouseCoopers LLP may act as a processor on the instructions of the joint administrators. Personal data will be kept secure and processed only for matters relating to the joint administrators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the joint administrators.