Administrators unable to find buyer for engineering firm

Tue, 02 Aug 2016 | ADMINISTRATION

RJ Herbert Engineering, in Wisbech, Cambridgeshire, has been placed into administration, with 84 job losses two weeks after the administrators were drafted in.

The administrators from Deloitte, Chris Farrington and Matt Cowlishaw, confirmed in a statement that 32 of the workforce are to be transferred to Herbert Systems Ltd, and another 14 kept on as RJ Herbert Engineering is put through the winding down process.

One of the joint administrators Chris Farrington said: “We have been unable to find a buyer for RJ Herbert Engineering so far, although the factory, stock, plant equipment and technical drawings are still available for sale.

“We would still prefer to sell the manufacturing facility as one unit if a buyer cold be found quickly, which could potentially resurrect the business.”

The job losses were “inevitable” due to the costs of trading a business while it is in administration. Deloitte have found an overseas buyer to take on Herbert Systems Ltd and they are looking to finalise the sale in the coming weeks, he added.

Herbert manufactures and supplies handling systems to the agricultural, fresh pack, food processing, materials handling and waste management sectors, and has over 40 years experience.

Subscribers can contact the administrators here


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