Buyer sought as military supplier Brimar calls in administrators

ADMINISTRATORS have been called in at Brimar, a Manchester-based military electronics firm which has a 90-year history.

Accountancy group BDO has been appointed and is hoping to sell the business as a going concern.

It employs about 90 staff in Middleton, and two sites in the US, who make electronic displays for tanks, aircraft and helicopters, such as the Apache.

The business also services the film and TV business, a division which harks back to its origins making valves for radios and cathode ray tubes for televisions.

In the year to December 2011 it posted an £800,000 loss on sales of £12m, up 9%. It said margins had been squeezed by a shortfall in defence orders from the US.

Over the years it has been part of many companies including Edison Swan Electric, Mazda, Baird Television, Ferranti, EMI, Thorn, Marconi and The Rank Organisation.

It is now owned by Giles Briggs Holdings, which is in turn owned by PH Giles & Co whose main shareholder is Peter Giles. Both companies are registered to an address in Ashley, Cheshire.

Tony Nygate and Dermot Power were appointed to the business on November 9. Mr Nygate said: “Unfortunately, the economic climate and difficult trading conditions have adversely affected the business, and it has been necessary to take steps to safeguard creditors.

“We are proactively reviewing all the options for the future of the company. Our immediate priority will be to ensure that business continues as usual over the coming weeks and that the production of strategically important products for customers in the defence and security sectors continues with minimal disruption. Customers seeking further information should contact the joint administrators with any queries.”

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