A Yorkshire mobility distributor has entered into administration following what was described as “challenging trading conditions in recent years”.
Hartmond Limited, which traded as Yorkshire Mobility, The Mobility Partnership, Trade Mobility and Value Mobility, appointed the RSM restructuring advisory LLP on 24th March.
The company traded from seven sites with its head office in Hull and had 17 permanent employees and three directors.
The company was a supplier of a wide variety of mobility products which it supplied to both local and national customers, via its stores and website.
According to RSM, the company has experienced increasing cash pressure and the directors did not believe they could continue to trade without worsening the position for creditors.
All 17 employees were made redundant and their claims are being dealt with by the Redundancy Payments Service. The joint administrators are currently reviewing options with regards to maximising asset realisations.
Keith Marshall, RSM restructuring advisory partner and joint administrator, commented: “Whilst the company had many loyal customers and a strong local presence, competitive and difficult trading conditions have unfortunately determined that the company can no longer continue to trade.
“At this early stage we have had to suspend activity at all sites, and make staff redundant due to the high level of costs, but we would encourage any interested parties to contact us as soon as possible.”