J Rotherham Masonry, the bespoke kitchen worktop manufacturer, has been placed into administration.
Howard Smith and David Costley-Wood from KPMG were appointed joint administrators on 3rd February and are actively seeking a buyer for the business.
In a statement issued by KPMG, the family-owned business - which was established in 1927 and has been run by the same family for four generations - was said to have sought administration because it was unable to meet its financial obligations.
According to the administrators, 205 employees have been made redundant at the company’s offices and manufacturing facility in Holme-on-Spalding Moor.
Twenty-five back-office and production staff have been retained to support the administration process and complete existing orders as KMPG seeks to find a buyer.
Howard Smith, said: “While rising cost pressures and challenging trading conditions have led to the difficult decision of appointing administrators, it remains highly regarded by its peers and customers. As such, we are actively discussing the future of the business with a number of interested parties.”
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