Jd cooling going into administration

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Jd cooling going into administration

A Norfolk business leader's five-year gamble to take his firm to new heights paid off in style as it took home the top title at the Norfolk Business Awards. The King's Lynn-based company supplies specialist refrigeration units, including large-scale food and drink suppliers to national supermarket, and high-end pharmaceutical clean rooms. Mr Dye said JD Cooling's success in being named Business of the Year could be traced back to his decision to launch an employee ownership scheme in , in a bid to retain senior talent in the business, and investing in the expertise that allowed the company to move into specialist and environmentally-friendly technology. We've quadrupled the size of the business, so they have earned it. I now have a smaller share of a much bigger business. In recent years it has completed projects for the likes of Baxter Healthcare in Thetford, the Linda McCartney factory in Fakenham, and fitted Europe's largest clean room for pharmaceutical firm Bespak in King's Lynn. JD Cooling was praised by judges at the Norfolk Business Awards for its foresight in anticipating the move to environmentally-friendly measures, phasing out harmful HFCs hydrofluorocarbons in favour of natural refrigerants. Mr Dye said to take home the biggest prize of the night had been a shock, and said the quality of Norfolk businesses on show at the awards had been 'eye-opening. On Monday, the project that kick-started the firm's change in attitude was completed as a new mashed potato factory in Airdrie was opened by Scottish First Minister Nicola Sturgeon. The upgrade to the Albert Bartlett plant changed it from simply washing potatoes, to turning them into mashed potato — a more lucrative value-added process, and one which linked up a complete 'farm to fork' chain.

Online Travel Training OTT is understood to have ceased trading and appointed insolvency specialists.

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Home News Article. We look forward to helping them through fundraising events that will hopefully raise money and awareness of the great work that they do in our local communities. West Norfolk Self Advocacy Project is a group run by adults with learning disabilities and mental health problems with the focus on doing things for themselves, WNSfP help children with movement difficulties and delayed development, and Neuroblastoma UK fund research projects for the treatment of the childhood cancer. All our income comes from local people and local businesses. We receive no local authority funding at all. We feel very proud that a company such as JD Cooling with its commitment to service and community is prepared to support our group. Little Discoverers relies on donations to be able to provide our service to local families who have pre-school aged children with physical development delays. Every donation we receive is a huge help in reaching this target and allows us to continue providing children and families with a service they desperately need. The fundraising efforts of the JD Cooling team will ensure we can fund more research projects to help us towards our ultimate goal of beating neuroblastoma.

Jd cooling going into administration

When a company goes into administration, they have entered a legal process under the Insolvency Act with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems. An appointment of an administrator a licensed insolvency practitioner will be made by directors, a creditor or the court to fulfil the administration process. The administration puts in place a statutory moratorium. This may take the form of a sale to an unrelated party. If it cannot be reasonably saved, the administrator will aim to achieve a better return for creditors than would be likely if the company were wound up without first being in administration. For example, the company may continue to trade for a period, while seeking a sale of the business or assets such as:. Or administration can be used to simply liquidate assets and distribute the proceeds to secured or preferential creditors where neither of the first 2 objectives are feasible. Once in administration, a company can continue to trade.

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Mrs Hayley Ann Charlene Jackson. You will receive email updates when this company's information changes. Please report any comments that break our rules. Directors urged to seek advice promptly if financial difficulties loom. You can unsubscribe at any time. Mr Dye said to take home the biggest prize of the night had been a shock, and said the quality of Norfolk businesses on show at the awards had been 'eye-opening. OTT provides training resources to the Click here to sign up. Total Satisfied 0. Online Travel Training 'OTT' has ceased trading and called in insolvency specialists "to wind up the company". We've quadrupled the size of the business, so they have earned it.

Administration is a process in which an independent person takes control of a company, investigates its finances and then makes recommendations on how to proceed.

Why do we display adverts? Submit Cancel. Forgotten Password. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Directors urged to seek advice promptly if financial difficulties loom. JD Cooling was praised by judges at the Norfolk Business Awards for its foresight in anticipating the move to environmentally-friendly measures, phasing out harmful HFCs hydrofluorocarbons in favour of natural refrigerants. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. The service and maintenance business of JD Cooling S Those ads you do see are predominantly from local businesses promoting local services. Find Out More. Wendy Jillian Ringwood.