Jobs lost at troubled tech firm
Some 15 jobs have been lost after a private equity-backed transport technology firm based in Derby called in administrators.
As we revealed last week, Alliance Transport Technologies filed a second notice of intention to appoint administrators on April 27.
On Monday (May 2), Chris Pole and Ryan Grant from Interpath Advisory were appointed joint administrators of the firm.
Operating from two sites in Clowne (Derbyshire) and Featherstone (West Yorkshire), the company specialises in the remanufacture of electronic components, providing a complete aftermarket solution to the commercial vehicle, bus and coach markets.
In recent months, the company has faced a number of challenges, including delays to the launch of its new ESS product. The impact of these factors on trading meant that it required additional investment. After exploring their options, the directors took the decision to seek the appointment of administrators.
The joint administrators have retained the majority of the company’s 51 employees to enable the business to continue for a short period while they explore the possibility of a sale of the business and assets. However, 15 members of staff have been redundant.
Pole said: “Alliance Transport Technologies has been operating for 30 years, and in recent times, has pioneered the use of remanufacturing electronic components to allow commercial vehicle operators to decarbonise the maintenance of their fleets.
“Our focus in the coming days will be to explore the potential sale of the business and its assets, and would invite any interested parties to contact us as soon as possible.”
