Derby-based steelwork contractor Robinson is edging closer to a sale - a deal which would save the company from closure.
Venture capitalist R Capital, best known for reviving the fortunes of the Little Chef roadside restaurant chain, is said to be the most likely buyer for the troubled family-owned firm.
Robinson, which has been trading since 1964, has been on the market for over a year and was moving ever closer to administration if a buyer could not be found.
Prior to the financial downturn, the firm, which specialised in steelwork for the agricultural and construction sectors, enjoyed a £48 million turnover.
