PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

FRP Advisory appointed Administrators to The Triumph Furniture Company

60-year-old company in South Wales enters administration

2011-03-16
LONDON, ENGLAND, March 16, 2011 (Press-News.org) Nigel Hamilton-Smith, Geoff Rowley and Charles Turner, partners at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm, have been appointed Joint Administrators on 11 March 2011 to corporate furniture and storage supplier, The Triumph Furniture Company.

Based in Merthyr Tydfil, South Wales, Triumph is a family-owned company with 296 full-time staff. Founded some 60 years ago, it operates from two factory sites in Merthyr Tydfil and Tredegar. The Joint Administrators will continue to trade the business as a going-concern, whilst seeking a buyer for the company.

Commenting on the reasons for the administration, Nigel said: "A large proportion of Triumph's customer base is from the public sector, including a number of government departments and more than 60 local authorities. Following cuts to their budgets, Triumph has experienced a lower than expected volume of sales from clients it had otherwise relied upon during the recession, when private sector spending fell.

"The company has a fixed cost base that includes nearly 300 staff and two factory sites that cover a total of 300,000 sq. ft. Taking these overheads into account, it faced mounting losses as its public sector customers reduced their budgets and private businesses continued to spend less than before the recession. As a result, the administrators have, regrettably, had to immediately make 110 staff redundant from across the business. We are working closely with the management team, and the local Job Centre, to process redundancy claims as quickly as possible and assist redundant members of staff with their search for work."

Triumph is an established brand, which is well-known for its expertise and customer service, and has worked with a significant number of large, private organisations, as well as government departments. The Joint Administrators are working with management to restructure the business to make it a viable trading concern.

Nigel continued: "Triumph has a valuable asset-base and a growing private sector market. We are very hopeful of selling the business and safeguarding the jobs of the remaining staff members."

Interested parties should contact Stephen Beattie on Tel: 020 3005 4293 or via email at stephen.beattie@frpadvisory.com

Georgina Swain, FRP Advisory, Mobile: +44 (0) 7881 523 345, Email: georgina.swain@frpadvisory.com

Kate Macnamara, Grayling, Tel: +44 (0)121 265 2761, Mobile: +44 (0)771 422 2793,
Email: kate.macnamara@grayling.com

About FRP Advisory

FRP Advisory LLP is focused on creating, preserving and recovering value for its clients.
The firm offers a comprehensive suite of services to the mid-market and financial community. These focus on enhancing the performance of businesses, as well as saving businesses in distress.
Services include: commercial & asset finance, corporate insolvency, restructuring, independent business reviews, interim management & placement services, personal insolvency & advisory, creditor services, insolvency investigation services and banking live-side support.
With 28 partners and 200 staff, FRP Advisory is one of the largest restructuring, recovery and insolvency firms in the UK, operating out of nine regions including: East Midlands, Eastern Region, Kent, London, North, Northern Home Counties, South West, Sussex and West Midlands.
To find out more, visit http://www.frpadvisory.com


ELSE PRESS RELEASES FROM THIS DATE:

Billing Solution Expert Sponsors Newly Published Innovation Observatory Whitepaper

2011-03-16
MetraTech Corp (http://www.metratech.com/), the innovative telecom billing, SaaS billing and financial services billing solution provider, has announced its sponsorship of a newly published whitepaper. The paper, from leading independent UK-based analyst house, Innovation Observatory, addresses the increasingly pressing issue of how businesses today can respond effectively and efficiently to industry change. The report finds companies who succeed in fast-moving sectors do so partly by ensuring that, every time they need to change the way their business works, they aren't ...

Easter Revision Courses at Expert Tutorials Limited

2011-03-16
Easter is an extremely important time immediately before students take their exams, Easter revision courses are running at Macclesfield Tutorial College at both GCSE and A Level. The college is located at 20 Cumberland Street, Macclesfield, Cheshire, SK10 1DD. The courses will provide students with encouragement, revision guidance and examination technique. The tutors at the college are experts in their field and will cater for the students' individual requirements. Each tutor has many years of teaching experience and will provide an intensive and beneficial revision ...

ASICS Appoints Imagination on 2012 Olympics Brief

2011-03-16
ASICS, the premium sports performance brand, has appointed global communications agency, Imagination, to help create a strong brand presence during the 2012 London Olympic Games. Imagination, whose track record with Olympic-related brand activation includes every summer and winter Olympics since 2002, will work closely with ASICS to develop an immersive and engaging experience that brings the brand's values to life. As part of the brief, Imagination will design and deliver an ASICS Olympic venue that will demonstrate the brand's passion for sports and inspire ASICS ...

Skills Converged Has Introduced a New eBook - Train the Trainer - The Art of Training Delivery with 40 Scenarios that Help Trainers Avoid Bad Habits and Improve their Training

2011-03-16
It is well known that the best way to learn is by example. Training the trainers is no exception. Skills Converged is proud to announce the introduction of "Train the Trainer: The Art of Training Delivery" which is an eBook designed to help trainers deliver better courses. The book provides a series of scenarios and everyday situations that occur when you are delivering a course. Compiled based on years of experience in the training industry, it helps trainers to quickly maximise the skill transfer and avoid doing things that have been shown to be a show stopper. Whether ...

Sytel Integrates with IBM SPSS Data Collection Phone Interviews

2011-03-16
Sytel Limited announces that it has recently completed integration with IBM's SPSS Data Collection Phone Interviews. Leading a multi-national project team from their UK headquarters, Sytel worked with IBM software teams from New Zealand, Australia, China, and the United States. Sytel completed Certification Testing with the IBM SPSS Research and Development team, and actually worked collaboratively to help improve and strengthen IBM's SPSS software developer's kit. In October 2010, IBM ceased the sale of their legacy SPSS Predictive Dialer. At that time, the Data Collection ...

Symphony Bluelight Gazetteer Released for the Fire and Rescue Service

2011-03-16
With the cancellation of the FiReControl Project, gazetteer specialists Aligned Assets are pleased to announce the release of the UK's first corporate gazetteer designed specifically for the Fire and Rescue Service. With over two years of research and development, the Symphony Bluelight Gazetteer can provide unmatched levels of functionality that enable the fire and rescue services to create and maintain gazetteer data to feed all frontline and back office systems. Currently fully compatible with the National Land and Property Gazetteer (NLPG), the Symphony Bluelight ...

Avoriaz Launches The Hottest Spring Break Party Weekend Of 2011

2011-03-16
Avoriaz's beach make-over will play host to a party crowd this Easter break for wakeboarding sessions and competitions, roof-top concerts, exotic sandy bars and terraces, shopping markets, snow and sand volleyball and of course great skiing and snowboarding! Pro wakeboarding competition qualifying rounds will kick off at 3pm on Saturday in the centre of Avoriaz, with the most skilled riders boarding-it-out for the championship crown on Sunday afternoon. Rookies will also have the chance to take part in free wakeboarding amateur sessions on Saturday and Sunday from ...

Entrada Whitepaper on Sourcing Medical Devices from Mexico

2011-03-16
Entrada Group, a leading manufacturing shelter operator, has published a whitepaper that reveals why medical supplies and devices destined for North American markets should be sourced from Mexico versus other low-cost global regions. The whitepaper has been produced in collaboration with independent consultant John Cecilia, a former director of global manufacturing for Kimberly Clark Corporation, Healthcare Sector. Multiple factors have led medical device companies to conclude that they need to go to a low cost manufacturing environment. Healthcare costs are rising, ...

APlusA.org.uk Researches Mid-East Action to Ready Staff for Influx Of Papers

2011-03-16
APlusA.org.uk's clientele comes from all over the world, including the countries currently experiencing upheaval and protest. One can name Tunisia, Egypt, Bahrain, Libya, and Oman, among others, as places where we have customers. Thus, the APlusA.org.uk staff watches events there with keen interest and concern, and expectation of future papers.. However, it is because we are certain that this region and these events will inspire a host of projects and assignments on this topic that we are documenting them. These are actions and reactions with far-reaching consequences, ...

Business-Essay.com Evaluates Academy Nominees, And Looks for Clues to Cinema's Future

2011-03-16
Business-Essay.com staff pops popcorn and breaks out scorecards for the Academy Awards. Our writers will screen the nominated films and watch for industry trends. The results of all this watching and analysis will enrich all future cinema projects for our customers. We have experts in all sorts of subject areas here at Business-Essay.com. Our film specialists track the offerings at all major film festivals, and we occasionally even dispatch to attend one. Sitename_'s experts consider the Academy Awards a predictor of what will affect movies for the next year, or ...

LAST 30 PRESS RELEASES:

Earliest long-snouted fossil crocodile from Egypt reveals the African origins of seagoing crocs

Henna’s hidden healing: Treating fibrosis with a chemical derived from Lawsonia inermis

KIST demonstrates world's first ultra-precise, ultra-high-resolution distributed quantum sensor with 'entangled light'

Liver transplantation utilizing grafts donated after medical assistance in dying is feasible and has outcomes comparable to standard donation

Canada is failing the rising numbers of youth who use opioids

Opioid prescribing for pain is declining in Canada

Can inpatient care help address overdose crisis?

Discovering six new bat species is a treat for museum researchers

National emergency wakeup call as SEND support system crisis worsens – latest analysis shows

New drug-eluting balloon may be as safe and effective as conventional metal stents for repeat percutaneous coronary interventions

Effectiveness and cost-effectiveness of automated external defibrillators in private homes

University of Phoenix College of Social and Behavioral Sciences leadership publishes white paper on trauma-informed education

Microbial iron mining: turning polluted soils into self-cleaning reactors

Molecular snapshots reveal how the body knows it’s too hot

Analysis finds alarming rise in severe diverticulitis among younger Americans

Mitochondria and lysosomes reprogram immune cells that dampen inflammation

Cockroach infestation linked to home allergen, endotoxin levels

New biochar-powered microbial systems offer sustainable solution for toxic pollutants

Identifying the best high-biomass sorghum hybrids based on biomass yield potential and feedstock quality affected by nitrogen fertility management under various environments

How HIV’s shape-shifting protein reveals clues for smarter drug design

Study identifies viral combinations that heighten risk of severe respiratory illnesses in infants

Aboveground rather than belowground productivity drives variability in miscanthus × giganteus net primary productivity

Making yeast more efficient 'cell factories' for producing valuable plant compounds

Aging in plain sight: What new research says the eyes reveal about aging and cardiovascular risk

Child welfare system involvement may improve diagnosis of developmental delays

Heavier electric trucks could strain New York City’s roads and bridges, study warns

From womb to world: scientists reveal how maternal stress programs infant development

Bezos Earth Fund grants $2M to UC Davis and American Heart Association to advance AI-designed foods

Data Protection is transforming humanitarian action in the digital age, new book shows

AI unlocks the microscopic world to transform future manufacturing

[Press-News.org] FRP Advisory appointed Administrators to The Triumph Furniture Company
60-year-old company in South Wales enters administration