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The long-established pottery company Denby, which has been in operation for over two centuries, has revealed plans to appoint administrators following financial difficulties tied to rising costs in recent years. Founded in Derbyshire in 1809, Denby was rescued from collapse when it was acquired by investment firm Hilco Capital in 2009.
In a statement released on Thursday, The Denby Group announced that it had filed a notice of intention to appoint administrators as a precaution, citing challenges in finding a suitable investment partner. The company highlighted that declining demand, increasing labor expenses, and sharply rising energy prices have put significant financial pressure on its operations.
Additionally, Denby mentioned that stricter conditions in the financial markets have limited its access to funding. “While Denby has explored a range of options, it has not yet been able to secure a strategic investment partner aligned with the long-term vision and values of its historic British brands much loved by their large global fan base,” the statement said. The firm emphasized its ongoing efforts to find an appropriate partner, whether for the entire group or for individual brands, and indicated that the notice of intention would provide temporary protection to facilitate potential funding and restructuring efforts in an orderly way.
Despite these developments, Denby and its subsidiary Burgess and Leigh, along with its international branches, will continue operations for the time being. GMB union organizer Craig Thomson described the situation as “a worrying time” for employees, underscoring Denby’s status as a British icon noted for producing some of the finest ceramics globally. He stressed the necessity for urgent government intervention on energy costs to help stabilize the sector during this period of uncertainty.
Local political representation has been active following the announcement. Derbyshire Labour MP Linsey Farnsworth, who serves Amber Valley, stated that she had held an urgent meeting with Denby and coordinated with the GMB union. She affirmed Denby’s continued viability as a world-class manufacturer and described her role as a crucial link between the company and the Department for Business and Trade to explore all possible options that could secure a positive future for the region and its workforce
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