Posted on 17 March 2017
Leading specialist in thermally sprayed coating has entered Administration resulting in the immediate loss of 21 jobs.
With over 40 years in the market, Surface Engineers operate from Dukinfield on the outskirts of Manchester and assists customers in the nuclear, oil and gas sectors.
The Directors of the Company, Andrew and Peter Wild, confirmed that the Company had suffered gradual reductions in turnover linked with the decline in oil price.
The Company appointed Nick Lee and Dean Nelson of Midlands based accountancy and business advisory firm Smith Cooper as Administrators on 15 March 2017.
The Administrators are continuing to trade the Company for a period with the support of the remaining 12 staff, assisting customers in completing certain projects whilst also seeking interested in the Company’s business and assets.
Nick Lee commented: “The nature of the Company’s skilled workforce and production facilities will hopefully be of interest to others in this sector or parties interested in entering the market.”
Interested parties are invited to declare their interest as soon as possible by contacting Richard Tonks at Smith Cooper on 0121 236 6789.