Agri-tech firm alerts administrators

Househam Sprayers

A Lincolnshire agri-tech firm is facing an uncertain future, TheBusinessDesk.com understands.

Househam Sprayers, of Woodhall Spa, has posted a notice of intention to appoint administrators. The move will protect the company from creditor action for a period of ten days while it tries to find a way forward.

The move comes two-and-a-half-years after Househam Sprayers received nearly half a million pounds in working capital to help fulfil its expanding order book.

The firm was awarded the £450,000 loan by MEIF Maven Debt Finance East and South East Midlands via the Recovery Loan Scheme.

The company said at the time that it was planning to use the cash to raise its stock levels, enabling it to meet increasing demand for its products.

Founded in 1970, and based in Woodhall Spa, Househam has operated in the agri-tech manufacturing sector for over 40 years.

The business specialises in the production and engineering of a range of self-propelled crop spraying machines.

Househam Sprayers has been contacted for comment.

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