Summary
Pottery company Denby, which started in 1809 and is based in Derbyshire, plans to appoint administrators because it has faced increasing costs in recent years. The company, which has struggled to find an investment partner, will continue to operate while it searches for financial solutions. Denby's financial challenges include higher employment and energy costs and difficulty accessing funds due to tight financial markets.
Key Facts
- Denby is a pottery company founded in 1809 in Derbyshire.
- The company plans to appoint administrators due to financial difficulties.
- Denby has faced rising costs, especially in employment and energy.
- It has been challenging for Denby to find a new investment partner.
- Denby was saved from collapse in 2009 by investment firm Hilco Capital.
- Despite financial issues, Denby and its subsidiaries will continue to operate.
- Financial markets are tighter, making it hard for Denby to get funding.
- Local and union leaders are involved in efforts to find solutions for the company.
