Portland Business & Financial Solutions The way forward, made brighter

Portland assist in the sale of W Churches & Son Limited and save 60 jobs

Portland Business Recovery has negotiated the sale of Winchester based heating and electrical contractors firm W Churches, after they were forced to call in the administrators. The business, which has operated for 106 years, began struggling financially due to a number of bad debts and unprofitable contracts.....

The future now looks secure for the employees after Portland negotiated the sale of the business to Corrigenda Limited, who operate in the same industry, and was founded 11 years ago by Paul Spencer and Patrick Saddington.

Portland Director James Tickell commented; “It is now becoming an all too common trend that even businesses with linage that almost dates back to turn of the last century are finding it difficult to survive in the current climate. This can be through no fault of their own, as was the case with W Churches, but they have shown good business sense by calling in administrators before it was too late. In these unpredictable times, no one is immune from falling victim of credit lines, and identifying this issue early is critical.”

The new owners intend to keep the W Churches brand, and the management team will remain in place.

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