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OFFICE FURNITURE NEWS : Eurotek Office Furniture Limited – in administration.
Stuart Maddison and Karen Dukes of PwC were appointed joint administrators of
Eurotek Office Furniture Limited on 13 January 2011. The company, based in Bognor
Regis, is an office furniture manufacturer with clients in the private and public
sector. The company has a turnover of £9.8m and employs 130 people. Stuart
Maddison, joint administrator and partner at PwC said: “The company has
suffered as a result of the ongoing economic challenges facing the public sector
which represented approximately half of its customer base. Due to a sharp decrease
in sales, difficulties in meeting the company’s financial obligations,
and having run out of alternative options, the directors of the company have
placed it into administration. “In the short term, the administrators
are continuing to trade the business as a going concern while a buyer is sought.”
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