Administrators appointed to Finance Yorkshire-backed Microdat
BREWING and manufacturing company Microdat, which is backed by Finance Yorkshire, has called in administrators.
Ian Schofield and Graham Newton, business restructuring partners at BDO, were appointed joint administrators over Microdat last week and said they will continue to trade the company with a view to effecting a sale of the business and assets as a going concern.
Microdat, which secured a £500,000 equity-linked investment from Finance Yorkshire in 2011, moved to a 48,000 sq ft building at Millshaw Industrial Park in Leeds earlier this year.
The company, which employs 74 people, specialises in complete brewery solutions from design, software and project management though to manufacturing, installation and after sales spares, service and support.
It is this offering that has seen the company win major contracts from some the UK and Ireland’s major breweries, with clients including Wye Valley Brewery, C&C Group, Heineken, Bulmers Hereford, Sharps Brewery, and Timothy Taylors.
Mr Schofield said: “The joint administrators are currently appraising the position of the company and assessing whether there is viability in undertaking a period of restricted trading, whilst a sale of the business and assets is achieved.
“A sale of the business will hopefully preserve the employment of a number of staff, as well as a business with a unique niche in the cask brewing industry.”
