Under the CVA, creditors would have to have accepted reduced repayments to enable the company to continue manufacturing. But the PPF rejected the plan resulting in Silentnight going into administration. Neal Mernock, chief executive of Silentnight, said: "Whilst we are disappointed that the CVA was not successful, this deal with HIG Europe safeguards the jobs of our 1, employees and enables Silentnight to continue its proud history of manufacturing and distributing beds across the UK and Ireland.
Silentnight was founded in and supplies around half a million beds a year to retailers. The group employs about staff at its main site in Barnoldswick, and a further at sites in Cumbria, West Yorkshire and Ireland. Next statement date 10 February due by 24 February Cookies on Companies House services We use some essential cookies to make our services work. Accept analytics cookies Reject analytics cookies View cookies. Hide this message. Cookies on Companies House services We use cookies to make our services work and collect analytics information.
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