Leicestershire engineering firm enters administration after pre-pack fails
A Desford engineering business that was only set up last November in a pre-pack deal has itself slipped into administration.
Midlands Metal Fabrications was established out of a pre-pack deal after Midland Metal Products, a steel fabrication business based at the Merry Lees Industrial estate in Desford, went into administration on 8 November. The deal was brokered by PKF Cooper Parry’s restructuring team, led by Tyrone Courtman.
The business and assets of the firm were sold to Midland Metal Fabrications, helping to secure the futures of the 84 people it then employed.
At the time, Kayvan Namazi of Midland Metal Fabrications said: “I’m delighted to have concluded a purchase of the Midland Metal Products Limited business. There is much work to do, but I see a great future for the business with lots of potential.”
However, on 24 May, Duff & Phelps were appointed as administrators to the firm, which at the time had around 40 employees. The firm has now ceased trading.
