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Yorkshire Advisers Support Job-Saving Rescue Deal

10.09.2018

David Shirt, Press Officer | 0161 838 3094

Almost 20 jobs at a Brighton-based electrical contractor been saved following the completion of a rescue deal which was supported by a team of  Yorkshire-based advisers.
 
Blair Installations Limited, a Brighton-based electrical contractor which provided services to a number of private and public sector organisations in the Brighton and Sussex area, has been bought in a pre-pack sale after it went into Administration in August following a challenging trading period for the company. 
 
A deal has been reached to transfer the assets of the company, including the contracts of 19 employees, to Solar Power Installations Limited.

Sheffield-based Insolvency Practitioner, Adrian Graham, of Graywoods was appointed Administrator at the end of August and successfully negotiated the sale of the business to Solar Power Installations Limited.
 
Restructuring & Insolvency partner, Tom Paton, and Solicitor Hal Roberts from Irwin Mitchell advised Graywoods.