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Administrator optimistic over sale of Burdens branches

The administrator for builders merchant Burdens says the company will continue to operate as a going concern while it looks for a buyer for the remaining branches after parent company WTB Trading went into administration earlier this month.

Philip Duffy, partner at administrator Duff & Phelps said: “Due to the established name of Burdens and quality of the business we have already been able to sell three of the branches within the group and have had interest expressed in the remaining thirteen.”

He added: “We will continue to trade the company as a going concern whilst we continue discussions with those parties interested in acquiring some, or all of the remaining branches.”

The company had a turnover of over £250M and more than 750 employees based in 38 branches throughout the UK before it sold 22 branches to Wolseley in October.

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