Posted on 5 April 2017
Leicester based SBA, one of the UK’s leading distributors of safety & industrial consumables, has been sold out of administration.
Working with advisors from Smith Cooper, S B A started an accelerated sales process and, shortly following their appointment on 27 March, the Administrators completed a sale of the business and assets to James Boylan Safety (Ni) Limited (JBS Group). This has protected the jobs of 22 employees.
JBS Group is a long established (1944), profitable and dynamic PPE/safety workwear distributor. It is owner-managed, with 120 staff across 8 branches in the UK & Ireland. It has evolved to become a leading supplier of safety, uniform and specialist products. JBS Group supplies safety workwear and industrial supplies to such specialist areas as the British nuclear industry, North Sea oil and gas sector and well known electricity and gas utilities.
Michael Roome, Director of Business Recovery and Insolvency at Smith Cooper, who led the process commented: “SBA is a fourth generation business that has been trading for over 120 years so I’m delighted that we’ve been able to successfully navigate our way through a difficult period, securing the sale of the business and preserving 22 jobs.”
The business will continue to operate from its site in Leicester, allowing the JBS Group who currently operate from Aberdeen, Belfast, Cork, Derry, Dublin, Monaghan, Sheffield and Whitehaven to extend their UK footprint.
Grattan Boylan, Chairman of the JBS Group said: “We are very happy to save the 22 jobs. Our acquisition further extends our UK footprint. S B A is a good fit for us both in terms of culture and our growth strategy. We very much appreciate the support suppliers are showing. We look forward to further enhancing the business, on a sound footing.”