50-year-old Greater Manchester business collapses owing £4m and making 30 redundancies

manchestereveningnews.co.uk:

A Greater Manchester children's arts and crafts maker owed almost £4m when it collapsed into administration and 30 people were made redundant, it has been revealed.

Brian Clegg, which was founded in 1973, operated from one unit in Rochdale and another in Middleton and supplied both retail and educational markets across England and Wales.

The company entered administration at the start of February, with the majority of its 36-strong headcount made redundant. READ MORE: Click here to sign up to the BusinessLive North West newsletter In a newly-filed document with Companies House, administrator FRP has detailed how much the business owed before it entered administration, the reasons behind its collapse and its subsequent purchase by a competitior.

In February, the specialist business advisory firm said Brian Clegg had been "loss making for some time and suffered from sustained cashflow pressure from rising input prices".