Administration on the horizon for established manufacturer

A Wakefield-based manufacturer which specialises in injection and cast mouldings, has posted a notice of intention to appoint an administrator.

PolyGlobal Ltd employed an average of 38 staff in 2023 according to its full accounts made up to 28 February 2023.

The same accounts show the business owed creditors nearly £1.5m and had assets worth almost £2.2m.

PolyGlobal, which has been trading for nearly 40 years ago and exports across the world, provides products to a diverse range of industries including aerospace, automotive, construction and agriculture.

The business was established in 1985 as Polyurethane Progress Ltd by Olivia Gledhill and her son, Neil Cook.

The pair originally founded the company as an injection moulded polyurethane seal company, later developing into other injection and cast moulded components and extending their range of materials.

Jordan Cook, Neil’s son, took over as managing director in 2011 and the firm rebranded to become PolyGlobal in 2015.