Posted 22nd February

Astracast falls back into administration

By KBBDaily on 22nd February 2019 - 12:35pm
kitchen, astracast, administration, sink, kbb, kbbdaily

Sink brand Astracast has fallen back into administration, with Julien Irving and Andrew Poxon of Leonard Curtis being appointed joint administrators.

Irving and Poxon – who were appointed on the 7th February – were previously joint administrators for the business when it fell into administration in March 2018, resulting in 42 job redundancies.

Businessman Darren Cooper acquired the company in 2017, with Astracast saying at the time that Cooper had “identified a huge opportunity to turn the company around by reinvestment, restructuring and new focus”.

In March last year, Irving and Poxon noted that the “sale of certain business and assets of the company” managed to preserve 103 jobs. Cooper added that customers would see “little or no change” in business operations.

A new holding company, Astracast International Holdings Limited, acquired elements of Astracast Limited at the time of last year’s administration to allow the company to continue running “without the crippling costs” that it had previously faced.

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