Mon, 23 Mar 2026 | ADMINISTRATION
Administrators are seeking buyers for the assets of a Hartlepool-based manufacturer of fire and safety doors. Bridgman IBC Limited fell into administration earlier this month after encountering “insurmountable cashflow pressures”.
Founded in the 1960s, the company had established a strong reputation for manufacturing bespoke, high-quality fire-rated and safety doors. The company’s doors were used in public buildings, including schools, universities and hospitals.
Bridgman IBC’s clients ranged from institutions such as Newcastle University and the NHS to major brands including McDonald’s, Hilton and Cineworld.
However, the company, which operated from an 88,000 sq ft factory on the Longhill Industrial Estate, had suffered significant cashflow difficulties that restricted its ability to continue operating.
Ian Royle and Robert Maxwell of BTG Begbies Traynor were appointed as joint administrators of Bridgman IBC Limited on March 6 2026. Upon their appointment, all 56 employees at the company were made redundant.
Joint administrator Ian Royle stated: "Despite a strong effort by the directors to increase sales over the past 18 months, which resulted in a full order book, the business faced insurmountable cashflow pressures.”
"Ultimately, it was unable to fund the raw materials required to continue production, and an accelerated effort to sell the business as a going concern in recent weeks was unsuccessful. Sadly, all 56 employees, many of whom had long service with the company, have been made redundant, and we are supporting them through the process."
Royle added that the administrators were now seeking buyers for the company’s assets, which include its factory and an array of advanced wood and metalworking machinery.
According to Royle, the joint administrators have already received significant interest “in what is a well-equipped manufacturing facility with high-specification machinery."
In the company’s accounts for the year to March 31 2025, its fixed assets were valued at around £2.2 million and current assets at approximately £1.4 million, with net assets totalling £1.6 million.
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