Troy (UK) Limited, a key player in the independent industrial and engineering supplies sector, has entered administration, with Alvarez & Marsal Europe LLP appointed to oversee proceedings.On 7 February 2025, Paul Berkovi and Mark Firmin of Alvarez & Marsal were named Joint Administrators of the company. The firm is now assessing its available options, and further communication will be provided to creditors in the coming days.Suppliers who have traded with Troy (UK) Limited should expect updates soon regarding outstanding payments. Any parties interested in acquiring the business or its assets are invited to contact the administrators at INS_TROYUL_AMA@alvarezandmarsal.com.Impact on Suppliers and the Troy NetworkTroy (UK) Limited operates a multi-faceted business model, including:
- The Troy Buying Group – a network of over 450 independent businesses that benefit from collective purchasing power.
- Troy-Owned Members – more than 20 businesses within the group that receive full Troy business support.
- Troy-Owned Service Providers – companies supplying various sectors under the Troy umbrella.
The Joint Administrators have confirmed that they are managing Troy’s affairs, business, and property but take no personal liability. Suppliers and stakeholders are encouraged to monitor further announcements as the situation unfolds.For more information, visit Troy’s official website or contact the administrators directly.
