Denby pottery firm on brink of administration – 217 years in business | UK | News
A historic Derbyshire pottery firm has filed a notice of intention to appoint administrators. Denby Pottery Company said it’s been struggling with rising costs for years and has so far been unable to secure a suitable investment partner. The 217-year-old company was previously bought by investment firm Hilco Capital in 2009, saving it from going under. It has now filed a notice of intention to appoint administrators “as a precautionary measure” amid reduced demand, “escalating employment costs”, and “soaring” energy bills. Denby said these pressures had “squeezed the business financially” and it struggled to get funding due to “tighter financial markets”. A statement from the group said, as reportedly DerbyshireLive: “While Denby has explored a range of options, it has not yet been able to secure a strategic investment partner aligned with the long-term vision and values of its historic British brands much loved by their large global fan base. “The search for a suitable partner will continue whether for the Denby Group as a whole or for the brands individually.” The notice of intention …
