Kinky Knickers manufacturing business bought out of administration

Councillor Colin Lambert and David Moore, managing director of Headen & Quarmby with Jonny Carroll

The business and assets of British manufacturer, Headen & Quarmby Limited, have been bought out of administration by another company owned by former managing Director, David Moore. The purchasing company, known as Headen & Quarmby (UK) Limited, is set to recommence manufacturing of its well-known lingerie and sleepwear lines as soon as possible.

The Middleton based business produced a variety of clothing for a number of High Street and online retailers including House of Fraser and ASOS, but is most famous for manufacturing Kinky Knickers - the British knicker brand founded by Mary Portas. This manufacturing agreement has been inherited by the new company, and it is hoped it will help to kick-start the factory’s on-shore production.

At the beginning of the year, Headen and Quarmby Limited incurred bad debts and the deterioration in its cash position forced the closure of that company. However, the management team has successfully financed a bid for the business.

David Moore, Managing Director of Headen & Quarmby (UK) Ltd, commented: “We have a strong underlying business and a full order book. We’re determined to rebuild a great British success story, thanks to the support of our staff, retailers, suppliers and Mary Portas.”

Mary Portas added: “I was so sorry to hear about the issues H&Q had in January. I’m thrilled they’ve had the confidence and the vision to re-build.”

Kerry Bailey, BDO business restructuring partner, said: “An extensive search was made to find the right buyer for the business and assets of Headen and Quarmby Limited. David and his team have the determination and expertise to take the business forward on a more secure financial footing, and we wish them the best of luck.”

http://www.rochdaleonline.co.uk/news-features/2/news-headlines/84846/portas-knicker-factory-in-middleton-in-administration