Reviewed: 10th May 2016
A supplier of artificial grass and other sports-related materials and maintenance services based in Blackburn has been entered into administration in recent days.
Joanne Hammond and John Russell of Begbies Traynor have been appointed as administrators of the business, which comprises a total of six different companies collectively operated as the Thornton Sports Group.
The Lancashire-based group was first established over 35 years ago but officially ceased trading on May 4th 2016, with 47 of its 52 staff members made redundant with immediate effect.
“Unfortunately, the group suffered from quality problems with some of its products which proved too costly to rectify. This, together with low margins and increased competition, has made the business unviable,” explained Joanne Hammond, one of the newly appointed administrators in a statement.
“We will be marketing Thornton Sports’ manufacturing plant in Blackburn and working to recover further funds for the creditors,” Hammond said.
The core work carried out by the companies that made up the Thornton Sports Group related largely to the manufacture, fitting and maintenance of sports surfaces and all-weather football pitches.
Collectively the six Thornton Sports businesses generated annual revenues worth in excess of £10 million with it having been involved in a variety of private finance initiatives, public private partnerships and city academy development projects over the course of the past few decades.
Its primary manufacturing plant, for which administrators are now seeking new owners, is located in Altham near Accrington in Lancashire. It also has a maintenance facility in Wigston, Leicestershire.
The property services firm Eddisons has taken responsibility for disposing of the various assets owned by the Thornton Sports Group, whose six companies operated variously as Thornton Sports Ltd, Thorntons Contracts Ltd, GTC Sports Ltd, Nordon Ltd, Protect AllWeather and Soccer Turf. With 75 offices across the UK, you’re never far away from expert and confidential advice.
16th September 2019
There was around a 25 per cent increase in the number of restaurant businesses entering insolvency over the course of the year to June 2019, according to the latest figures on the subject.Read More