An auction of the assets of Max Timber is taking place this week following the company’s failure.
Sussex-based Max was the successor business to Mackintosh & Partners London Ltd but has gone into liquidation less than a year after the Austin family bought the Mackintosh business and assets from Tenon Recovery.
Administrator Tony Murphy of Bridge Business Recovery said Max did not achieve enough sales to stay afloat following the acquisition in September 2008.
Mr Murphy said owner Robbie Austin put £100,000 of his own money into the firm and suppliers showed support, but ultimately not enough cash was being generated by sales to keep the business operating. All 40 employees have lost their jobs.
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