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Fighting for jobs at B&G
Page 9
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ADMINISTRATORS battling to save jobs at a collapsed Cumbrian haulage firm and truck dealership believe they can save at least some of the 101 jobs.
However, their efforts to sell Penrith bulk and powder haulier Barnett & Graham as a going concern will be hampered by the loss of work to local rivals. Work from steelmaker Corus's lime plant at Shap is already being handled by another company.
Barnett & Graham and its sister company. MAN-ERF dealer BordermanTruckswent into administration on 19 September; Mike Kienlen of Armstrong Watson was appointed administrator (CM 21 September). Both firms had been loss making for some time. The most recent accounts show Borderman was technically insolvent.
Kienlen reports: "We are in the process of marketing both companies for sale as a going concern with the intention of recovering as much of the business as possible."
Barnett & Graham attempted to keep trading by mortgaging its premises and equipment. The mortgage was put in place on 12 September —just days before the administrators were called in.