Keith Marshall and Gareth Harris of RSM restructuring advisory LLP were appointed joint administrators of Hartmond Limited, trading as Yorkshire Mobility, The Mobility Partnership, Trade Mobility and Value Mobility, on 24 March 2017. The company traded from seven sites with its head office in Hull and had 17 permanent employees and three directors.
The company was a supplier of a wide variety of mobility products which it supplied to both local and national customers, via its stores and website.
The company has suffered challenging trading conditions in recent years and with increasing cash pressure the directors did not believe they could continue to trade without worsening the position for creditors. All 17 employees were made redundant and their claims are being dealt with by the Redundancy Payments Service. The joint administrators are currently reviewing options with regards to maximising asset realisations.
Keith Marshall, RSM restructuring advisory partner and joint administrator, said
‘Whilst the company had many loyal customers and a strong local presence, competitive and difficult trading conditions have unfortunately determined that the company can no longer continue to trade.
‘At this early stage we have had to suspend activity at all sites, and make staff redundant due to the high level of costs, but we would encourage any interested parties to contact us as soon as possible.’