The transfer offers the Sheffield-based provider, which employs over 1,000 workers, safety from creditor motion whereas it weighs up restructuring and rescue choices.
The England division spans a big nationwide community buying and selling below well-known sector manufacturers together with Arnold Laver, Nationwide Timber Programs, SV Timber and NORclad, with branches in Alfreton, Nottingham and Leicester amongst these affected.
Nationwide Timber Group England sits inside Nationwide Timber Group Midco, which has additionally filed a discover of intention to nominate an administrator as the broader enterprise
Newest accounts for the enterprise present the agency turned over almost £200m in 2023 however ran up pre-tax losses of £6.3m.
Based in Sheffield in 1920 by Arnold Laver, the group is a serious provider to joiners, home builders, contractors and huge infrastructure schemes, backed by in depth warehousing, processing and distribution operations.
