17/01/2025
Pure Fitout, one of the UK and Ireland’s leading bespoke interior fitout specialists, is delighted to announce the successful completion of an acquisition with a new strategic investor.
The investment - which includes the purchase of sister company HALT - Natural Fire Retardant Treatment - comes at a pivotal time, following a challenging period where the business faced significant financial strain due to substantial unpaid invoices from key clients.
These pressures had necessitated the difficult decision to enter administration as a protective measure to stabilise operations and facilitate investment negotiations.
After several weeks of intensive discussions, a deal has now been finalised, securing the future of the business and retaining over 100 jobs.
Damien Gaffney, new owner of Pure Fitout, shared:
“After an intense few weeks, I am delighted to announce that I have acquired the business and assets of Pure Fitout and HALT, which had recently entered administration. This strategic move reflects my commitment to preserving operations and ensuring continuity for all of its employees. My immediate aim is to stabilize and revitalize the business by working closely with the management team. With a well-capitalized balance sheet and a sound, sustainable business strategy, I am confident in my ability to oversee Pure Fitout, ensuring it continues to deliver exceptional projects throughout the UK and Ireland.”
Yvonne Loughran of Deloitte commented: “We are pleased to have been able to deliver a successful outcome that safeguards all jobs and preserves a well-respected brand in the interior fit out sector. The Administration process was used to protect the trading businesses and provide space and funding whilst a sale was being negotiated. We are grateful to the employees and wider stakeholders for their patience during this uncertain time and wish Pure Fitout and HALT every success for the future.”
Pure Fitout will continue operating under its established brand and existing senior management team, with an exciting portfolio of projects planned for the months ahead.
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Brian Purcell
Big Picture Communications
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