Protecting your Business

The current economy is having an impact on nearly every business. Many businesses are experiencing issues and external conditions which are now out of their control, leaving them concerned about their responsibilities and potential liabilities.

It’s crucial that if you are facing financial pressures they are not ignored as reacting early can help protect both your individual and business’ best interests.

Taking the correct professional advice and being aware of your options gives your business the best chance of survival.

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Moorfields appointed Administrators over Teknoflex Ltd the UKs largest supplier of flexible and flex-rigid multilayer circuits

Buyers are being sought for the UK’s largest manufacturer and supplier of flexible and flex-rigid multilayer circuits Teknoflex Ltd, which was placed into administration on Monday 14^th January 2013.

The business, which operates in Sussex specialises in the design, manufacturing and assembling of flexible circuits and flex-rigid multi-layer inter connection systems to both the UK and overseas market with a particular focus on high technology, niche products for the defence sector. The business has traded for over 50 years with over 100 employees and has established key overseas trade in the US, France and Germany.

Simon Thomas and Shelley Bullman of leading insolvency and rescue firm Moorfields
Corporate Recovery have been appointed administrators and are looking the sell the business as a going concern.

Simon Thomas, joint administrator at Moorfields Corporate Recovery, said:“Teknoflex is a leading UK manufacturer and supplier with a strong reputation for providing high technology, niche products to a specialised market. With over 50 years experience and high quality in-house design, assembly and test facilities the firm has a solid infrastructure in place that I am confident has potential both in the UK and overseas.”

Shelley Bullman, joint administrator at Moorfields Corporate Recovery, said: “We have seen a number of manufacturing businesses suffer in 2012 following difficulties in the eurozone. As a result the market suffered a period of decline. Unexpectedly the Markit/CIPS UK Manufacturing PMI index showed an increase in December 2012 leaving the industry optimistic about 2013.”

 

Moorfields Corporate Recovery shortlisted for National Corporate Recovery Firm Of The Year

Moorfields Corporate Recovery LLP are delighted to have been shortlisted for the“Corporate Recovery Firm of the Year” award in the prestigious Credit Today Insolvency and Rescue awards.

Now in their 5^th year, the Insolvency and Rescue awards are recognised as a mark of distinction amongst professionals, celebrating professional excellence in a challenging sector.

The award, open to firms with up to 10 licensed appointment taking IP’s, recognises significant growth, depth of experience, excellence in chosen sectors and focus on client satisfaction.

Phil Smith, Partner “We are proud to have been shortlisted for the Corporate Recovery Firm of the Year award. Over the last 12 months we have continued to expand our key service offering acting in a number of high profile appointments including The Alburn Real Estate Rec 6 Portfolio, Gemstone Retail Limited (Formally HPJ Jewellers), Avilton Foods Limited and TNT Magazine. This award represents recognition of our specialist expertise and proven success in our field.”

Simon Thomas, Partner “We pride ourselves on delivering service of the highest standard, I am delighted that this award has recognised the hard work and dedication of all our staff.”

Moorfields hope to go on to claim victory at the awards ceremony on the 10^thOctober.