Leeds-based bathroom supplier Cassellie has fallen into administration, resulting in 35 staff redundancies. The company, which distributes bathroom fittings, ceramicware, taps, furniture, showers and enclosures to building merchants, online retailers, and DIY retailers, is said to have suffered severe supply chain disruption as a result of the pandemic. Senior managing directors Clare Boardman and Adrian Berry at Teneo Restructuring Ltd have been appointed as joint administrators to Cassellie, with the company continuing to trade for a brief period as part of a managed winddown after efforts to find a buyer proved unsuccessful.
Cassellie was founded in 2009, and sold to Mobility Group, a portfolio company of private equity firm Lonsdale Capital Partners, in 2018. At the time, the move was said to be part of the Group's strategy to move beyond the specialist bathrooms market, with Cassellie owners Paul Delaney and James Casey remaining with the company.
Clare Boardman said: “This is a very challenging period for all stakeholders, in particular Cassellie’s employees. Despite the best efforts of the directors, the company has been unable to sustain its operations. On appointment we therefore had no option other than to regrettably make 35 redundancies to the workforce. Our immediate focus is on supporting the employees at this difficult time and working to help service the needs of long standing customers in the short term.”
