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Greenberg directors pick up pieces of failed glass firm

Post Time:Jan 20,2009Classify:Company NewsView:419

DIRECTORS have purchased assets of Liverpool glass firm Greenberg, which collapsed late last year owing £16m.

Beryl Greenberg has set up Dakota Glass, a business registered in Liverpool, which has bought the assets of Greenberg Glass Emergency’s depot in Salford. It has also occupied the Salford premises in Dakota Avenue.

Dakota Glass paid £70,000 for the assets and for a short-term licence to occupy the premises.

Mrs Greenberg, who is also a director of Mossley Hill independent school Liverpool College, confirmed she was part of a consortium of former Greenberg managers behind Dakota Glass.

She said: “So far, for a fledgling business in what can only be described as difficult trading conditions, we are satisfied with our progress.”

The new company lists Graham Rubin as the sole director, who is also the managing director of Knowsley mail order firm Chums. Mrs Greenberg and Mr Rubin live in the same part of Mossley Hill.

Sam Grant, the southern operations director, has bought the assets of the London depot of Greenberg Group, while two former directors have also picked up assets.

Former director George Ireland, from Woolton, bought the assets at the Guildersome depot, near Leeds, for £11,000, through his company GG Glass & Glazing. He has also had offers accepted for the assets from Greenberg’s Reading, Taunton and Southampton depots, and paid £6,000 for four Liverpool FC season tickets owned by the company.

Another former director, John Askew, paid more then £50,000 for the assets at Leeds and a licence to occupy the depot, and has had an offer accepted for the Nottingham depot.

Greenberg, which was founded in 1936, got into difficulty after being unable to get credit. This severely affected cashflow and ultimately led to the appointment of MCR as administrators, who were unable to keep the business trading as a going concern.

Source: Liverpool Daily PostAuthor: shangyi

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