Famed pottery manufacturer Denby, with a rich history spanning 217 years, has ceased production due to the inability to secure a buyer.
The company, headquartered in Ripley, Derbyshire, entered administration in late March, citing unmanageable losses driven by escalating energy expenses according to former CEO Sebastian Lazell.
Administrators, FRP Advisory, stated that while discussions are ongoing for certain segments of the business, no buyer was found for the manufacturing division. Consequently, the decision was made to shutter the manufacturing and design departments, resulting in an additional 49 job cuts on top of the 80 reported earlier this month.
Tony Wright, the joint administrator for Denby Group, expressed regret over the closure, emphasizing the challenges faced in finding a buyer for the manufacturing operations. Efforts are ongoing to explore options for other parts of the business and support affected employees.
Craig Thomson from the GMB union lamented the loss of skilled workers at Denby, urging resistance against what he deemed as unjust actions by administrators. He called for government intervention to prevent the collapse of this iconic British company.
Known for its “made in England” heritage, Denby produces a range of products from dinnerware to cookware, serving clients like John Lewis, Lakeland, and Dunelm. In its latest financial report for 2024, Denby highlighted a tough year marked by reduced consumer demand across major markets, leading to increased annual losses.
Sebastian Lazell, the Denby CEO, acknowledged the challenges faced in sustaining the business and called for government support to alleviate energy costs. The company’s energy expenses have nearly doubled in recent years, exacerbated by global geopolitical tensions impacting energy prices.
