Overview
- Denby, which entered administration Tuesday, appointed FRP Advisory to run a sale process while its factory and shops continue to operate.
- Administrators said multiple parties have shown interest in the assets and urged potential bidders to come forward quickly.
- More than 500 jobs are at risk, including about 350 at the Derbyshire site, as local leaders, unions and a #SaveDenby effort press for investment or government support.
- Denby blamed three years of strain from high energy bills, rising wage costs and tighter credit, after first filing a notice of intent on March 11 and then securing a short extension.
- FRP confirmed the appointment also covers Burgess & Leigh, maker of the Burleigh brand, and said administration is a UK process that lets a company trade under protection while buyers or restructuring options are explored.