Overview:
Exigen Group completed the sale of Jules Lang Glassware, trading as Stonder Limited, following its placement into Administration. The Maidstone-based company supplied tableware to UK foodservice and retail markets, including blue-chip national retail chains and individual operators.
Financial Challenges:
Cash flow issues made it difficult to meet supplier obligations. Simon and Daniel Plant of Exigen Group were appointed Joint Administrators on 31 March 2017.
Administrator Comments:
Simon Plant said:
“The speedy sale of the business ensures that it can continue to trade and service its pre-existing clients.”
Outcome:
Exigen Group’s involvement demonstrates how swift action, combined with structured valuation and marketing, can protect business continuity, maintain client relationships, and achieve a positive outcome for stakeholders.