28 jobs saved at Bolton mouldings firm
A Bolton-headquartered company, which specialised in the manufacture of decorative and architectural composite mouldings, has been bought out of administration, saving all 28 jobs.
Red Cube GRP, trading as YBS Composites, was incorporated in 2014 and was based at Cawdor Mill in Farnworth, Bolton.
As a result of substantial trading losses the company ran into cash flow problems and accrued HMRC arrears.
When it was evident that the company had insufficient cash to continue trading, administrators were appointed to stop the pos... For the full story register now for free or login below...