Dozens of jobs lost as administration confirmed for historic manufacturer

Administrators have been appointed for Shipham Valves Ltd, with 39 staff at the Brough-based company made redundant today.

Mazars LLP has this afternoon confirmed the appointment of joint administrators Patrick Lannagan and Conrad Pearson.

Shipham Valves, which had 71 staff before today’s announcement, was first established 225 years ago and moved to its current premises in 2018.

Mazars says it is now seeking a buyer for the business as a going concern.

The businesses specialises in the manufacture of valves, serving global sectors including onshore and offshore oil and gas, petro chemical, power generation, marine, naval marine, fire protection and pipeline applications.

Lannagan, joint administrator, said: “The company has experienced cash flow difficulties resulting from global supply chain issues. These cash flow difficulties have led the directors to take the difficult decision to place the company into administration.

“The company has a strong skill set in manufacturing complimented by a longstanding world recognised brand name and continues to trade while a buyer for the business is sought by the administrators.

“We will be writing to all creditors over the coming few days but would encourage anyone with an interest in acquiring the business and assets to e-mail Angela Ramzan at angela.ramzan@mazars.co.uk.”