Posted 22nd Sep 2017

Supply issues force Alno UK into administration

By KBBDaily on 22nd September 2017 - 16:10pm

Gareth Harris and Keith Marshall of RSM Restructuring Advisory have been appointed as joint administrators of Alno UK, which was also trading via the In-toto franchise network. The company has faced supply issues since German parent company Alno AG and its subsidiaries suspended production earlier this month while they sought a new investor during the structured bidding process, following the appointment of an insolvency administrator for Alno AG.

Gareth Harris said: "The UK directors have worked extremely hard in difficult circumstances to try and save what was a profitable and highly respected business. However, the lack of supply from Germany, uncertainty over future supplies and lack of cash has led to the difficult decision to appoint administrators. We fully appreciate that this will cause significant concern for those Alno and In-toto customers who have either recently had a kitchen installed or who have recently placed orders; and we would advise those customers to contact their local franchise in the first instance. We are currently assessing a number of offers for the business and assets, and we are hopeful that a deal can be concluded to protect certain parts of the business in the very near future."

Stuart Welburn, managing director of Alno UK, added: "We are desperately disappointed for our customers, loyal staff, suppliers and franchisees, all of whom have stuck by us over what has been a very challenging few months. We have tried to find a solvent solution but ultimately the combination of circumstances has led to our decision to appoint the joint administrators."

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