Administrators KPMG sell KWG’s Wool Grading Business | KPMG | UK

Administrators from KPMG sell KWG’s Wool Grading Business

Administrators KPMG sell KWG’s Wool Grading Business

Administrators from KPMG have sold the business and associated assets of the Ashford based wool handling operations of Kent Wool Growers Limited (“KWG”) to the British Wool Marketing Board.

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The sale secures all seven jobs in the Wool Grading division which, in the short term, will continue to operate from the Ashford site.
The joint administrators continue to offer for sale KWG’s retail outlets at Ashford, Handcross and Eastry.


Steve Absolom, director and joint administrator at KPMG, commented:
“Securing a sale of KWG’s wool handling operations to the British Wool Marketing Board provides continuity of service to the sheep farmers of Kent and Sussex as well as the transfer of the employment of KWG’s highly skilled wool graders.


“A number of parties have shown interest in acquiring all or part of the business and assets of the retail operations of KWG. Discussions with these parties are ongoing. KWG’s retail stores remain open to the public whose continued support of the business under difficult circumstances remains hugely appreciated.”


Ends


Notes to Editors:


A dedicated webpage for stakeholders, such as landlords, employees and creditors, will be available at www.kpmg.co.uk/kwg. Queries should be directed via email to the following mailbox: kwg@kpmg.co.uk

For media queries only, please contact:

Gill Carson, Senior PR Manager, KPMG
Tel: 07768 635843
Email: gill.carson@kpmg.co.uk

KPMG Press office
Tel: +44 (0) 20 7694 8773


About KPMG
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
 

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