A well-known pottery manufacturer based in the UK faces the threat of insolvency, endangering over 500 jobs. Denby Pottery Company and its affiliated businesses announced the situation on Wednesday, seeking protection from creditors for 10 days to appoint an administrator for potential business rescue or asset sale.
In its recent financial report for 2024, the company revealed a 17% decline in turnover amid challenging global trading conditions. With a workforce exceeding 500 employees, Denby was acquired by Hilco Capital in 2010, according to Derbyshire Live.
A Denby group spokesperson mentioned the ongoing search for a strategic investment partner aligned with the brand’s heritage and values. As a precautionary measure, the UK branches of the Denby group have filed a notice of intention to appoint administrators to explore funding and restructuring options systematically.
The news of possible administration has prompted a response from the GMB union, representing workers at Denby Pottery Group. Craig Thomson, GMB Organiser, expressed concern for employees and called for government support, particularly on energy prices, to aid the ceramics sector during this turbulent period.
Linsey Farnsworth, Labour MP for Amber Valley, emphasized the importance of securing the stability of the local employer and safeguarding jobs. Farnsworth has engaged with Denby’s leadership, GMB representatives, and government officials to advocate for necessary support and explore solutions.
Denby group’s spokesperson reiterated the company’s commitment to supporting employees, customers, suppliers, and retail partners while striving for the best outcomes for all stakeholders throughout the ongoing process.
