A SECOND arm of the Thompson’s Building Centres’ business empire has entered administration.
Accountants KPMG were appointed to run the Hendon company earlier this week, in response to a winding-up petition from HM Revenue and Customs.
Now the firm has announced that joint administrators, Mark Firmin, Howard Smith and Paul Flint, have also been appointed to Taps, the plumbing merchants division of A Thompson & Sons.
Taps has six branches across the region and employs approximately 20 people.
Mark Firmin said: “It has become clear the trading and cash flow challenges that led to insolvency for Thompsons builders merchants have similarly impacted on Taps, resulting in our appointment.
“Outlets will be closed today as staff assist us in our assessment of the business.”
Thompson Building Centres was set up by Anne Ganley’s father Albert as a scrap merchant 60 years ago.
She joined the business straight from school at the age of 15 and was instrumental in its expansion.
Last week she vowed to save the business: “I am determined to fight in any way I can to keep Thompson’s going and ensure that the jobs of all my staff are protected.
“Although we have had to close two sites, it is business as usual in all of our branches.”
Anyone interested in acquiring some or all of the businesses should contact James Lumb on behalf of the administrators at firstname.lastname@example.org