£21m turnover firm collapses before Christmas with loss of 65 staff

Fit-out firm CPL Interiors has entered administration, becoming the latest SME casualty of the downturn.

It is reported to have failed just before Christmas, and K J Watkins & Co have taken on the administration.

CPL had a turnover of £21.5m, 65 staff members and offices in London, Birmingham and the West Midlands.