As we went to press (6 December), it emerged that Northamptonshire-based park home and lodge manufacturer Tingdene Homes had gone into liquidation and all 156 of its employees would be made redundant. We find out more…
Specialist business advisory firm FRP has been asked by Tingdene Homes’ directors ‘to support the entry of the company into liquidation’. The formal appointment of the liquidator was set to happen on 21 December. Liquidation means shutting down a business so that it stops operating and sells its assets to pay any debts.
A spokesman for FRP said: ‘Sarah Cook and Ian Corfield of specialist business advisory firm FRP have been instructed by the directors of Tingdene Homes Ltd to support the entry of the company into liquidation.
‘Tingdene Homes suffered a period of challenging trading conditions, leaving the business unable to meet its financial obligations. The business has now ceased trading and, regrettably, all 156 employees have been made redundant.’
Tingdene Homes, which was founded in 1969, is one of the best-known names in the mobile home manufacturing sector.
This is a fast-moving story so look out for updates on the PH&HL website and our social media channels in the coming weeks.
