Nearly 80 jobs saved as engineering business sold out of administration
A 60-year-old engineering business has been rescued and nearly 80 jobs saved in a pre-pack deal worth over £1m.
Adrian Graham of Sheffield insolvency and recovery practice Graywood was appointed as administrator of James Engineering Constructions (Alfreton) on May 20 2019.
The business was sold immediately in a £1.2m deal to safeguard 77 jobs at the firm. The sale also provides for the continuation of the company’s contracts to allow the business to continue trading.
James Engineering was established in 1958 and specialis... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...