Begbies Traynor sells builders merchant out of administration
Despite efforts to cut costs, the company was experiencing unsustainable losses which were mostly attributable to the wholesale business
Begbies Traynor has sold T.G. Howell and Sons Limited, trading as Terry Howell Timber and Builders’ Merchants, out of administration to Robert Price (Builders’ Merchants) Limited, securing the jobs of all 53 employees.