On 20th January 2017 Nick Reed and Bob Maxwell of Begbies Traynor in Leeds were appointed as joint administrators of the two companies. They are seeking a buyer.
Drawn Metal and DML Architectural Systems have more than 90 years’ manufacturing experience, becoming market-leading suppliers of facades and shopfronts. The group supplies several of the UK’s largest contractors including Laing O’Rourke, Kier and Balfour Beatty. They have worked on a number of high profile projects such as the Scottish Parliament building, the O2 Arena (Millennium Dome, as was) and Stratford station.
Drawn Metal provides bespoke facades and shopfronts; and DML Architectural Systems specialises in external facades, unitised, curtain walling, windows, brise soleil, louvres and cladding. Last year, the two companies had a combined turnover of £8.7m. Drawn Metal employs 70 staff at its manufacturing facilities in Swinnow Lane, Bramley.
Drawn Metal Holdings Limited, an associated company, is not in administration.
Joint administrator Nick Reed said: “Having traded since 1924, DML has become known as a leading name in facades, particularly for the retail sector, but, unfortunately, losses on a significant out of town contract has resulted in the directors appointing administrators.
“We are in the process of assessing the situation in order to achieve the best possible outcome for creditors and the 70 strong workforce. The companies have an excellent reputation and we are seeking interest in the business and assets.”