Struggling furniture firm is sold

PUBLISHED: 17:03 09 October 2008 | UPDATED: 21:35 31 May 2010

WILLIS & Gambier has been sold, safeguarding the jobs of more than 60 employees. The furniture manufacturer based on Radwinter Road, Saffron Walden, went into administration on Wednesday September 24 after running out of cash. Administrators Pricewaterhou

WILLIS & Gambier has been sold, safeguarding the jobs of more than 60 employees.

The furniture manufacturer based on Radwinter Road, Saffron Walden, went into administration on Wednesday September 24 after running out of cash.

Administrators Pricewaterhouse Coopers (PwC) announced on Monday that the company had been bought by Samson Holdings Ltd.

Stephen Oldfield from PwC said: "We were able to stabilise the business following the appointment of administrators and with the support of the Willis & Gambier retained workforce, key customers and suppliers, we were able to keep the orders flowing whilst we sought a buyer.

"I am delighted that we were able to do this deal which sees 61 employees transferred to the new owners as from yesterday (Tuesday)."

He added: "This is good news for East Anglia and all the more pleasing given the current uncertain economic environment."

When the company went into administration 26 people in the Saffron Walden office and 31 people based at Peterborough were made redundant.

Seventeen staff have been retained at the Saffron Walden office and 44 have been retained in Peterborough.


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