Joinery supplier calls in administrators

Published:  09 February, 2011

SOUTHAMPTON: TWC Joinery and Shopfitting has called in administrators after reported "substantial debts".

Administrator SFP said it hoped TWC, which is continuing to trade and has a good reputation built up over ten years, could be sold as a going concern.

TWC, based at Quay Industrial Park in Quayside Road, employs around 40 people and has an estimated annual turnover of £6.5m.

SFP said the joinery, merchandising and shop-fitting specialist had built up several large debts, including tax bill.

Group partner at SFP, Daniel Plant, said: "We are already in discussions with a number of potential purchasers and are looking to achieve a sale of the business as a going concern."

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.