Metalworks business acquired out of administration

An established West Yorkshire metalworks firm has been bought out of administration.

As reported earlier this week, Calder Metal Spinning Company had posted a notice to appoint an administrator.

But today it has been confirmed the business has been purchased by a member of its existing management team.

A spokesman for the company said: “Business is as usual. All orders that have been received will be processed as required with no change across the board.

“The reason for the administration was a bad debt to the company of £490,000. Only by the hard work and determination of the senior management team were they able to save the company and safeguard the jobs.

“Skipton Business Finance and Leonard Curtis have overseen and supported the transaction.”

The business, which is located at Calder Trading Estate in Brighouse, has been trading since 1947 and according to its full accounts made up to 27 February 2022, employs 32 people.

Its operations include spinning of all types of metals, using both traditional hand spinning solutions as well as automatic lathes.

The company serves a variety of industry sectors such as Aerospace, Automotive, Food Processing and Scientific.