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Armstrong Watson has announced that the Greater Manchester Chamber of Commerce (GMCC) has been sold, with 37 jobs saved, after the firm was appointed as joint administrator.
Restructuring and insolvency partners Lindsey Cooper and Ed Connell of Armstrong Watson were appointed joint administrators of Greater Manchester Chamber of Commerce on 17 September and now manage the business, affairs and assets of the Company.
Immediately following the appointment, the joint administrators completed a sale of the business and certain assets to a newly formed chamber entity, saving the jobs of 37 employees who have transferred to the purchaser.
Following the purchase of the business and certain assets from the administrator, the new owners announced that a new business will now be delivering the services of the former GMCC.
It also revealed that Clive Memmott, the GMCC chief executive will step down after a brief period of transition.
The senior leadership team of Sarah Blatch, finance director, Chris Fletcher, policy director and Lucy Mulligan, marketing director will lead the chamber, as they develop the longer-term leadership and management model with the board in order to drive the new business forward.
Cooper said: “We are very pleased that a deal has been negotiated whereby jobs have been preserved and continuity of the vital services carried out by the Chamber in supporting the Greater Manchester business community has been secured.”
