A Leeds-based shop fitting and woodworking specialist has gone into administration, resulting in all 48 staff being made redundant.
Jarose Woodworking Limited operated from premises in Morley, Leeds, and entered administration last month as a result of poor sales.
Mark Firmin and Howard Smith from KPMG’s restructuring team were appointed as joint administrators to the company on 31 January.
Shortly following the appointment, the administrators continued to trade the business in order to complete the outstanding work in progress.
However, as a result of the “declining sales” suffered by the company, it has since ceased trading and made all staff redundant.
Smith, restructuring associate partner at KPMG and joint administrator, said: “Declining sales at Jarose Woodworking Limited significantly impacted cash flow and the business’ ability to meet its liabilities.
“The joint administrators are exploring options to realise the best results for the company’s creditors.
“We have assisted the affected employees in their claims to the Redundancy Payments Office.”