Press release -
Clements enters administration
Leicester manufacturing firm Clements Limited has entered administration, after appointing Midlands-based advisory and accountancy firm PKF Smith Cooper to lead the process. Dean Nelson and Nick Lee, Business Recovery and Insolvency Partners at PKF Smith Cooper, were appointed as joint administrators on 4thOctober 2022.
Based in Leicester, Clements designed, manufactured and installed luxury retail interiors, as well as providing marketing, brand and logistical support to global manufacturers. The company experienced significant financial losses in 2020 and 2021 as a result of reduced demand, project delays and customer bad debt caused by the COVID-19 pandemic. Ultimately Clements was unable to recover and PKF Smith Cooper was appointed to deal with the business and its assets.
Dean Nelson, Business Recovery and Insolvency Partner at PKF Smith Cooper, commented: “Creditors have been provided with the relevant information regarding the administration process, to enable them to partake in proceedings. We are in the process of dealing with all enquiries and working to assist the affected employees with processing their claims for statutory entitlements at this difficult time. We will strive to achieve the best outcome for everyone involved.”
If you have been affected by the administration of Clements and have any queries, please contact creditor.correspondence@pkfsmithcooper.com.
Notes to Editors
An ambitious business and multi award-winning firm, we are the home of PKF in the Midlands. The region’s leading firm of trusted accountants and business advisors, we operate across key geographies in Derby, Nottingham, Birmingham, and Ashbourne.
Through our membership of PKF International, the large network of legally independent accounting firms and 11th largest network here in the UK, we are at the forefront of compliance regulations and specialise in providing high quality solutions.
Working in unison with PKF member firms across the world, we blend local expertise and extensive territorial knowledge to provide a full range of audit, accountancy, tax and advisory services in line with the expectations and needs of the market.
For press queries, get in touch with marketing@pkfsmithcooper.com.
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PKF Smith Cooper is one of the largest independently owned and preferred accountancy and business advisory firms for owner managed businesses across the Midlands. The firm specialises in providing intelligent, efficient and cost-effective bespoke advisory services to both corporate and individual clients. Smith Cooper has six offices across the Midlands including Derby, Birmingham and Nottingham.
