Richardson Sheffield's administrators say they are optimistic about selling the beleaguered business.

Administrators hope to find buyer for Richardson Sheffield

Richardson Sheffield’s administrators say they are optimistic about selling the beleaguered business.
Hunter Kelly and Charles King of Ernst & Young were appointed joint administrators of the company last Friday.

“The business is continuing to trade,” said Kelly, “and we aim to sell it as a going concern. Initial signs looks positive – we already have expressions of interest from a number of interested parties and are receiving strong support from the company’s customer and supplier base.

“This is a good business that has suffered from working capital management difficulties,” Kelly added.

Richardson Sheffield has two divisions. The larger supplies own-label and branded kitchen knives, cutlery and scissors under the V Sabatier and Laser names. The other supplies personal care products.

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