Automotive parts manufacturer calls in administrators

A Nottinghamshire automotive parts manufacturer has called in administrators after a three-week battle to turn the company around.

Interflex, which is based at Langar, posted two notice of intention to appoint administrators – the first on February 28 and the second on March 13. The court process provides a 10-day period of protection from action by creditors, and is used by companies that are looking to secure funding or a rescue deal that can resolve the financial issues.

However, Benjamin Wiles of Kroll and Louise Williams of Opus Restructuring were appointed as joint administrators on March 14.

The Nottinghamshire-based company supplies a range of sealing solutions for the automotive sector including door seals, interior trim, under carpet and boot seals.

The firm also coats and cuts materials such as the fabric used for arm rests to ensure durability and comfort.

In 2021, Interflex changed hands in an MBO led by Jim Griffin, who is the former chief executive of Midlands manufacturer, the Autins Group.

In 2022, the firm expanded into the horticultural sector with a very different product range by adding biodegradable mulch mats for planting saplings and strawberries to its production line in Langar.