Frank Wessely and Nick Parsk of business advisory firm Quantuma have been appointed as joint administrators of John Anderson Hire Ltd and associated Group companies.
Founded in 1998 and headquartered in St Albans, the business specialises in the hire of portable toilet units, showers and other ancillary equipment for the outdoor event industries.
The business was awarded a Royal Warrant and is one of the leading suppliers of mobile water closets to a wide range of UK festivals and sporting events.
The Group had achieved a record turnover of c.£2.5m in 2019, albeit recently had made losses.
The Group formerly employed 25 members of staff, however, a number were recently made redundant with nine employees retained to support the business and assist the joint administrators fulfil their duties.
Frank Wessley Parnter at Quantuma and joint administrator said: “Over a number of weeks we have been advising the directors of John Anderson Hire Ltd and supporting them to assess their options. It is with regret that there has been no other option but to place the business into administration.
“It has been widely reported that the onset of the current lockdown, the uncertainty of its duration combined with low public confidence has had a drastic effect on the events industry at large and as a consequence its supply chain has also been critically affected.
“We are seeking to secure a sale of the business and assets in these challenging times and would invite interested parties to make early contact.”
Notes to Editors
Quantuma is a leading business advisory firm which works with businesses at key business milestones, delivering partner led solutions to help clients take advantage of opportunities and overcome a range of operational and financial challenges, enabling them to achieve their business objectives and ambitions. Offices in London, Southampton, Marlow, Watford, Brighton, Eastbourne, Birmingham, Bristol, Manchester, Ringwood and Weymouth. In July 2018, the firm opened two international offices in Cyprus (Nicosia and Paphos). In July 2019, the firm opened a further office in Mauritius.