Jobs lost as signage company enters administration

A Leeds signage company has been placed into administration, resulting in 16 redundancies.

Leeds-based Signlex, which traded from leased premises at Maybrook Industrial Park on Armley Road, provided innovative, high quality signs to all sectors, with clients including Rexel UK and Dignity Funerals.

Kris Wigfield and Joanne Hammond of Begbies Traynor have been appointed administrators.

Prior to the appointment of the joint administrators, Eddisons Commercial was instructed by the director to value and market the business in order to preserve the company’s value and secure the jobs of the employees. Despite considerable interest and a number of enquiries, it was not possible to secure a sale of the business as a going concern.

Upon appointment, the remaining 16 staff, including the director, were made redundant.

The failure of the business was primarily due to cash flow problems caused by delays to the start of contracts and two key contracts failing to materialise.