Engineering firm Fairwood Fabrications goes into liquidation

Tue, 26 Jul 2016 | ADMINISTRATION

An engineering firm that was a key figure in the industry, supplying the likes of Tata Steel, has been placed into liquidation.

Fairwood Fabrications, which was based at Port Talbot, Wales, and had been having financial troubles, closed down on 8 July 2016, with the loss of a total 250 jobs since January. Having been part of the industry for 35 years, the closure of the family business was described as a “disappointing blow” by Sandra McAlister, who is working alongside Simon Barribal as the liquidators from McAlister and Co.

A supplier to Tata Steel, the company was involved in the construction of steel buildings and other products, as well as pipework services to the steel industry in South Wales.

Chairman Gherold Davies said the business had also been disappointed by the delay to the planned £1 billion tidal lagoon project in Swansea, which would be “immense” for the steel industry in the area, he told the BBC.

The loss of Fairwood Fabrications is an indication of more issues to come for the other businesses in Tata's supply chain, an economy expert said.

A spokesman from the Welsh government said: "Fairwood approached Welsh government in June for £200,000, however we felt unable to provide further financial support given the information provided by the company."

He also said the government had been in talks with Fairwood for some months and had provided help “where possible”.

A meeting of creditors is scheduled for today, 26 July 2016.

Find other businesses in liquidation


Share this article



Latest Businesses for Sale

Extensive Range of Catering Equipment, Furnishings & Wet Stock (Fast Sale)
UK Wide

Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.

Asking Price: Offers Invited
Turnover: £500k - £1m

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000

LEASEHOLD


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources