INSOLVENCY specialists KPMG have managed to secure the sale of Whitecroft Essentials Limited in a deal that safeguards all 47 jobs.

The company has been trading for more than a century, but last week administrators were called in to rescue the Whitecroft-based supplier of stationery, haberdashery and knitting crafts.

Richard Philpott and Will Wright from KPMG's restructuring practice were appointed joint administrators on February 19 and immediately secured the sale of the business and its assets to Whitecroft Essentials (Lydney) Limited, a company established by the existing management team, backed by a new private investor.

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