Friday, November 29, 2024

Sale of firm secures 30 jobs for Leeds business

All 30 jobs at jobs at Leeds-based direct mail, fulfilment, and print specialists RNB Group have been saved by the sale of the firm.

It has been bought by PDMF, and will continue to trade at the same site on Silver Royd Business Park.

The business had been trading for 20 years, but ran into mounting cash flow issues. The sale was arranged by Begbies Trader, for whom Bob Maxwell said: ““RNB Group is a long-established and well-known Leeds business which simply ran into some short-term cash
flow problems. Fortunately, we were able to act swiftly to market the business and conclude a sale for it as a going concern. It’s great news for the staff, suppliers and customers that the business will continue in the hands of new owners.”LCF Law provided legal advice to the administrators, and Freeths represented the acquirers.

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