Jobs lost as Reddish firm FT Finley & Co Limited goes into administration

North West building and refurb company FT Finley & Co Limited has ceased trading and gone into administration with the loss of 80 jobs.

Russell Cash and David Thornhill, partners of business services firm FRP Advisory, have been appointed as joint administrators after trading conditions at Finley & Co deteriorated.

Now, joint administrators at the firm, which is based in Reddish, near Stockport, are working to maximise recoveries from Finley & Co’s assets.

David Thornhill said: “The closure of Finleys is a sad day for this long-established business, its hard-working loyal workforce and the wider Stockport economy.

“The social housing repair and maintenance market has been challenging for some time and Finleys regrettably is the latest firm to feel the squeeze.”

He added: “The directors and their advisers had worked hard to sell the business as a going concern and it was disappointing in September when a potential purchaser withdrew its interest, leaving the directors with no viable option but to seek the protection of administration.”

Speaking further, Mr Thornhill said the administrators’ focus was now on assisting the staff who have been made redundant, giving them: “the necessary support to submit timely claims to the Redundancy Payments Service.”

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