Pittards has said it has been operating at or around the ceiling of its banking facilities in recent months, which is "as a result of significant adverse foreign currency movements, resulting from the weakening pound sterling." Whilst a sale process of the business and assets of the company has been initiated, due to the group's current financial uncertainty and in light of increased creditor pressure, following discussions with its advisors the board has regrettably resolved to file a notice of intention to appoint Ernst & Young LLP as administrators to the company as soon as reasonably practicable. In essence the property has been everything we could have wished for ..and some. The pictures don't do the property justice (please remember it's for 2 people in a country setting). We highly recommend Pittards Farm.

Pittards explained: "The company has been operating at or around the ceiling of its bank facilities in recent months, principally as a result of significant adverse foreign currency movements, resulting from the weakening pound sterling. It has been managing its working capital very carefully in anticipation of agreeing new and potentially restructured bank facilities." Spotlessly clean and everything you need for a very comfortable stay. We really enjoyed the goodies. Set in a small village with a nice country pub. Plenty of National Trust properties close by. Hugh and Viv are the perfect host who really want you to enjoy your stay. Indeed the Pitard family has a hold over Lannec, as he has borrowed a sizable portion of the cash required to realise his ambition of owning a boat after years of being an enlisted sailor. However, the very fact that Dame Pitard's daughter is married to a ship's captain is itself sufficient reason for their disdain.The cottage is beautifully decorated and fitted out, in a quiet location and Vivienne and Hugh very welcoming, helpful hosts."

Pittards manufactures leather products for third parties as well as its owned Daines & Hathaway and Hill & Friends brands. Pittards farm has been a real haven for us, the owners - Vivienne and Hew - are wonderful and helpful." We were made very welcome by Vivian and Hugh, the accommodation exceeded our expectation, very comfortable, welcoming and tastefully decorated."

The owner came out to greet us and made us feel welcomed and very kindly left us some milk,biscuits and a bottle of wine for us to enjoy. The Somerset-based company has been struggling within the challenging economic environment, which saw its shares drop 39% on Friday. Friendly and helpful owners. Lots of walks and bike rides. Nice food at the local pub which had just re-opened and was adjusting to Covid procedures. It's the end of an era for Yeovil as the town's last remaining glove maker has ceased trading. After being a cornerstone of the town's bustling glove trade for nearly 200 years, Pittards has been closed with a large number of workers made redundant. Then, on August 8, a further company announcement detailed an intention to appoint administrators. Bosses said the firm was looking to find a buyer and confirmed the company was continuing to trade.

Alliance News) - Pittards PLC shares dived on Friday, after it said it plans to raise GBP255,000 though a placing of 1.0 million shares at a price of 25 pence per share. Alice Temperley bags. ‘Working with Alice gives us visibility,’ says Pittards’ chief executive, Reg Hankey. Photograph: Alice Temperley I have no doubt that over time recent events will be poured over and analysed by all and sundry. Some snap judgements already appearing are not very clever and many have obviously been made with little real understanding of the business.On top of all all this in-law trouble, Lannec is reflecting on the import of a mysterious note warning him against the trip in the first place. Thus, the ill-starred sea journey begins with two cows on board and other merchandise bound for Hamburg. In what are unforeseen circumstances that transpire at that German port city, Lannec accepts a further commission to carry railway line parts to Reykjavik. This job is a risky proposition, as lengths of heavy steel can puncture a ship's hull during sea storms. Moreover, the weather will assuredly be treacherous North of Scotland and beyond. Pittards hopes that the proceeds will allow the company to continue to manage its working capital until the end of May, by which time it expects to have secured new banking facilities with either Lloyds or an alternative provider. Pittards Oiltac enhances grip in all conditions, wet or dry, and is ideal for climbing gloves or for highly dextrous tasks. Water resistance is maintained by special WR100X tanning which reduces water uptake. As no other party has expressed an interest in acquiring the business, the company has now ceased to trade with immediate effect. Sadly, the majority of the company’s UK employees have been made redundant.

Helium One Global Ltd - Tanzania-focused primary helium explorer - Enters cooperation agreement with Noble Helium Ltd which will see duo "cooperate in sourcing and securing a suitable drilling rig, associated services and arranging logistics" for drilling campaign. These young people were a mx of apprentices, recent graduates and regular employees a few of whom I had met before. All were keen and enjoying being in manufacturing. I also knew many of the long-service employees as many had worked far longer than 25 years and quite a few close to forty. I had left Pittards some 25 years before. Pittards was a place where employees stay, where along with the grumbles of everyday life loyalty is high. From the shop floor worker, through the secretarial staff to the directors, staff turnover is low. A tannery is nothing without its people and Pittards staff, young and old demonstrate the finest, in England and in Ethiopia. A serious and thoughtful bank that worked with its clients would not have pushed Pittards to the brink but enlarged its facilities freeing a well led management team to make a great success.

Floorplans

Pittards Farm Cottage is a lovely converted building fitted out with quality fixtures & furnishings that made for a relaxing & comfortable stay, also spotlessly clean." On Wednesday, July 28, 2021, the traffic was heavy through Yeovil. Roadworks were causing delays and I was late. When I arrived and rushed up the stairs to the meeting room, I was embarrassed to find they had waited for me, more because a late arrival would be an unwelcome interruption once a start had been made than anything else. Following the announcement, Pittards said that directors have agreed to make interest free loans to the company, amounting to GBP85,000. It has been proposed that such loans be converted into 340,000 shares at a price of 25p in addition. With easy access to the A303 or M5, Pittards Farm Cottage is a smashing location for exploring the area. The company, which specialises in leather bags and goods, explained that it has been managing its working capital carefully in "anticipation of agreeing new and potentially restructured bank facilities."