Renowned British pottery manufacturer Denby has confirmed it intends to appoint administrators after struggling with rising costs and challenging market conditions.
The Derbyshire-based company, which was founded in 1809, said it had filed a notice of intention to appoint administrators as a precaution while it continues to search for new investment.
Denby was previously rescued from collapse in 2009 when it was acquired by investment firm Hilco Capital. However, the company said recent pressures including reduced consumer demand, rising employment costs and soaring energy prices had placed significant financial strain on the business.
In a statement, the Denby Group said it had been unable so far to secure a strategic investment partner aligned with the long-term vision of its historic British brands.
“While Denby has explored a range of options, it has not yet been able to secure a strategic investment partner aligned with the long-term vision and values of its historic British brands much loved by their large global fan base,” the company said.
It added that the notice of intention to appoint administrators provides short-term protection while it continues to explore funding and restructuring options, as well as potential partnerships either for the Denby Group as a whole or for individual brands.
Despite the move, Denby confirmed it will continue trading during the process. Its subsidiary Burgess & Leigh, along with the company’s international operations, will also continue to operate as normal.
Responding to the announcement, GMB union organiser Craig Thomson described the situation as a “worrying time” for employees.
“Denby pottery is a British icon, producing some of the world’s finest ceramics,” he said. “This is a worrying time for workers across Denby. We are working closely with our members and representatives on site.”
Mr Thomson also called for government support for the ceramics sector, particularly in relation to high energy costs.
“Britain’s ceramics industry is the envy of the world. We must now see urgent government action on energy prices to support the sector through this time of turbulence,” he said.
Amber Valley MP Linsey Farnsworth said she had already held an urgent meeting with the company and was working with both Denby and the GMB union.
“Denby remains a world-class, viable manufacturer that continues to trade and meet demand,” she said. “I am acting as a direct link between the company and the Department for Business and Trade to ensure every possible avenue is explored to secure a positive outcome for Amber Valley.”
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