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Administrators expect early sale of Triumph business

Friday 15 April 2011

Administrators for corporate furniture and storage supplier Triumph Business Furniture expect to complete a sale of the business by the end of the month.

The family-owned business with factories in Merthyr Tydfil and Tredegar employed 300 people until it collapsed last month. A large proportion of its customer base was from government departments and 60 local authorities.

Administrators made 110 people redundant and began restructuring the business while maintaining reduced operations.


Nigel Hamilton-Smith, a partner at administrators FRP Advisory, said Triumph was an established brand that worked with a significant number of private organisations.

“Following cuts to budgets Triumph experienced a lower than expected volume of sales from clients it had otherwise relied upon during the recession when private sector spending fell.

“Over the past few weeks we have received a large number of expressions of interest and we are currently reviewing all viable offers. We anticipate announcing a sale within the next few weeks.

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