OVER 20 jobs have been secured after a company in Connah's Quay went into administration.
Steven Muncaster and Sarah Bell, both of Duff & Phelps, were appointed Joint Administrators of insurance broker Staveley Head Limited (“the Company”) on February 5, following the loss of a contract with the Company’s main insurer.
Since their appointment, the Joint Administrators have continued to trade the Company on a reduced basis whilst pursuing a sale of the business as a going concern.
On April 2 the Joint Administrators were successful in achieving a sale of the business and certain assets as a going concern to One Sure Insurance Limited.
The successful sale of the business has secured the jobs of the 22 remaining employees and enabled over 12,000 policies to continue to be administered.
The Joint Administrators are pleased to have achieved a positive outcome, particularly given the current climate, and believe that it demonstrates the Purchaser’s confidence in moving the business forward and returning it to success.
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