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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