Tue, 06 Jan 2026 | ADMINISTRATION
A buyer is being sought for a longstanding Sheffield-based contract manufacturing group after it fell into administration. P&B Metal Components Limited was founded more than 60 years ago and has built a strong reputation as a manufacturer of high-quality metal components.
The company is particularly known for its electromechanical precious metal contacts for critical applications. Its products are used in electrical assemblies across a number of sectors, including renewables, aerospace, railways, automotive, HVAC and industrial controls.
P&B operates from freehold premises in Sheffield and also owns a standalone subsidiary in Malaysia, providing similar components to customers in South East Asia. The company’s products are exported to more than 30 countries.
The company fell into administration following a rephasing of orders from a major customer, which put significant financial strain on the business. Despite directors exploring options for fresh investment, a solvent solution could not be found and steps were taken to appoint administrators.
James Clark and James Lumb were appointed as joint administrators of the company on January 6 2026. Following their appointment, the joint administrators said they plan to trade the company while exploring options, with the ultimate aim of preserving the business as a going concern.
Six redundancies have been made from the company’s 54-strong staff, in response to a reduced level of forecast turnover for the remainder of the business’ financial year.
James Clark, managing director at Interpath and joint administrator, said: "P&B Metal Components has a long and proud heritage in the contact manufacturing sector and is known for its high-quality precision engineered components.”
"Our immediate priority is to support those employees who have been made redundant to claim statutory amounts owed to them and aim to maintain continuity for customers and the remaining employees while we seek a buyer who can secure the future of the business.”
"We will also be marketing the company's Malaysian subsidiary, which operates as a standalone manufacturing business serving customers across South East Asia."
In accounts for the year to May 31 2024, the company reported turnover of around £12.4 million, down from £21.5 million a year earlier, while falling from an operating profit of approximately £1.4 million to a loss of more than £761,000.
At the time, its fixed assets were valued at £5.9 million and current assets at around £8.6 million, with total equity amounting to approximately £4.7 million.
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