Loss-making machinery manufacturer PJO goes into administration
South Yorkshire mining machinery company PJO Industrial has gone into administration after feeling the effects of the downturn in the UK mining industry.
Mark Colman and John Titley of Leonard Curtis were appointed as administrators to PJO on January 25.
The company specialised in mining machinery and was launched 14 years ago. Directors included Wilfred Anthony Boardman, Mabruk Farrah and Alan Keates.
In its latest results, turnover had decreased by nearly 20% to £733,657 and it admitted that it had suffered a “difficult” year due to the closures of the last pits in England over the past few years.
A £59,853 bad debt and a £42,630 writedown contributed to its pre-tax losses of £171,859 for the year.
PJO directors said they were “disappointed” with the company’s trading performance but had high hopes that interest from Russia, India and Turkey would reverse the effects of the downturn.
It had 7 employees at the time its accounts were published, but it is unclear how many were employed at the time it called in administrators, and, of them, how many were made redundant.
It was registered at Skelmersdale in West Lancashire, but its head office and main facilities were based on the Goldthorpe Industrial Estate in Rotherham.
Leonard Curtis declined to comment.
