Metal tubing manufacturer announces administration

Tue, 31 Mar 2015 | ADMINISTRATION

A Peterlee-based metal tubing manufacturer has announced that it has entered administration.

Ferschl Tubeform Limited, based in Peterlee, County Durham, called in administrators from Baker Tilly Restructuring and Recovery after suffering six continuous years of financial losses. The move has meant 44 members of staff have been made redundant.

The firm had been receiving support from the Ferschl group of companies, which also includes Gateshead-based Ferschl Hose and Hydraulics and Cleveland Flexible Engineering, but this had become “unsustainable,” said joint administrators Ian Kings and Steven Ross.

Baker Tilly released a statement, which read: “It was not possible for the administrators to sell the company as a going concern. As a result, the company has ceased to trade and regrettably 44 staff members have been made redundant.”

Ferschl Tubeform operates from its site on the South West Industrial Estate, however since going into administration the base has been closed. The company, which was formed in 1987, manufactured components and parts for the heavy construction vehicle and material handling industries. Additionally, it manufactured a range of handrails using carbon, aluminium, steel and stainless steel.

Ferschl Hose and Hydraulics Ltd was the first in the Ferschl group, forming in 1971 as a stainless steel flexible hose supplier. The group acquired Cleveland Flexible Engineering in 2001, also a manufacturer of stainless steel but also capable of welding stainless steel.
Related information:
Browse our manufacturing businesses for sale

Share this article

Latest Businesses for Sale

Manned & Electrical Security Solutions
South East, UK

Provides an extensive range of manned and electrical security solutions, including manned dog patrols and CCTV installation. Established for nearly 20 years. Utilises an in-house 24-hour control room for monitoring and response. Offers invited.

Asking Price: Offers Invited
Turnover: £3,100,000


Complete Package of Pearpoint Pipeline Inspection Equipment (Fast Sale)
UK Wide

Viewing: Anytime In Normal Office Business Hours. Closing From 12 Noon Thursday 20th June.

Asking Price: Offers Invited
Turnover: £300k - £1m

Products & Contracting Services
UK Wide

Project Lake carries out contracting services for soil and water erosion control and ecological restoration projects, also supplying some of its own products into these projects at a healthy profit margin. Project Lake has four distinct areas of rev...

Asking Price: Offers Invited
Turnover: £5,000,000


View more businesses for sale

News Search

Latest News


Meat and poultry wholesaler goes under - business assets up for sale | ADMINISTRATION

Financial difficulties at a London-based meat and poultry di...


Administrators called in for West Midlands contractor | ADMINISTRATION

A contractor based in Aldridge, West Midlands has collapsed ...


Sheffield candle retailer enters administration | ADMINISTRATION

A shop retailing candle and gifts in Sheffield has collapsed...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


Administrators drafted into North West building firm | ADMINISTRATION

A construction firm that was hired to refurbish Deeside Fire...


Architects practice on edge of entering administration | ADMINISTRATION

Architects practice Sidell Gibson Partnership LLP is on the ...


Yacht maker Sealine International in administration | ADMINISTRATION

Upmarket yacht and boat builder Sealine International has en...

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