The Insolvency team at Turner Parkinson have advised Dow Schofield Watts Business Recovery to help to secure 66 full-time jobs and 55 seasonal jobs.
A 102-year-old confectioner that was one of the original makers of Kendal mint cake has been rescued out of administration, saving 121 jobs.
JE Wilson & Sons (Kendal) failed on 22 May 2015, with John Carpenter and Ben Barrett, partners at Dow Schofield Watts Business Recovery (DSW) appointed as joint administrators. The company's business and assets were subsequently bought by Creative Confectionery (Holme) for an undisclosed sum later the same day.
According to Companies House records, Creative Confectionery (Holme)'s majority shareholder is listed as Andrew Wilson, the current managing director of JE Wilson & Sons and grandson of the company's founder.
Wilson's, based just outside Holme, was established in 1913 as one of the original makers of Kendal mint cake. The business developed into one of the UKs leading manufacturers of chocolates for high-street retail customers in the UK and beyond.
A costly relocation to a modern purpose-built site in 2013 saw the company undergo a period of transition, which resulted in financial uncertainty.
Mark Lund, Head of Insolvency, led the deal working alongside Laura Baker, commented “we were pleased to be able to assist in ensuring the survival of a long established business which provides both a top quality product and important jobs for the local economy. We are delighted to have helped stabilise the business and ensure that this British business and maker of the famous Kendal mint-cake lives on."
The deal is the latest of success stories for the largest Insolvency team in the North West.