H Beardsley Limited, a warehouse and logistics business supplying and distributing warehouse facilities and goods to customers across the UK for more than 90 years, has gone into administration.
Lee Lockwood and James Miller of RSM Restructuring Advisory LLP were appointed joint administrators to the Nottinghamshire-based firm on 4 February 2022.
Due to a combination of increased fuel and property costs and staff retention challenges, the directors took the decision to cease trading. The company made all 32 staff redundant prior to the appointment of administrators.
Following the appointment of RSM, administrators secured the sale of the company’s unencumbered assets together with a licence to occupy the company’s leasehold site, Huthwaite to B. Taylor & Sons Transport Limited.
Lee Lockwood, partner at RSM and joint administrator, said: “It’s disappointing to see the closure of such a long-established business in the Nottinghamshire area. This situation demonstrates that, whilst there are new opportunities in the transport and warehousing sector, significant challenges remain due to increasing running costs and staff shortages.
“To ensure that the company’s warehousing customers receive continued support throughout this process we have engaged with relevant stakeholders to secure the sale of assets and leasehold occupancy. This will support existing customers and provide new employment opportunities for a number of the company’s redundant workforce.”
