Jobs go as Woodberry Brothers and Haines enters administration
- 3 July 2014
- From the section Somerset
One of Highbridge's biggest employers has gone into administration with the loss of more than 160 jobs.
Furniture maker Woodberry Bros & Haines Limited has been based in the Somerset town since 1949.
Ross Connock, joint administrator and director at PwC, said 163 workers - out of a total workforce of 175 - were made redundant on Wednesday.
He said the firm had financial problems, could not find a new buyer and "lacked investment" to restructure.
The company has an annual turnover of £10m, although it was £11m last year to December 2013, Mr Cannock said.
"The operations are well located with a strong employee, customer and supplier base," added Mr Connock.
"But regrettably the current position of the company is such that we have had to make the immediate decision to cease operations which has resulted in the redundancy of the majority of employees."
On its website, Woodberry Bros & Haines Limited said it was a "family business" that had been designing and manufacturing furniture since 1949.
Its collection of "highly respected household names" include Caxton, Bath Cabinets and Woodberry Bathrooms.
The company has so far been unavailable for comment.