Thu, 26 Jun 2014 | ADMINISTRATION
Galvanised steel tank maker Galglass entered administration on Thursday last week (19 June), resulting in 134 job losses.
Administrators Keith Marshall and David Whitehouse from Duff and Phelps have come in to manage the company’s affairs.
Established in 1979, the business - which was a major employer in the area of Wombwell, South Yorkshire - designs, makes and installs steel and concrete storage tanks and roof structures. Working internationally as well as across the UK, it has contributed to projects in Australia, Afghanistan, Malaysia, Sweden and Switzerland.
The administrators said the business and assets couldn’t be sold as a going concern, so they are working with the remaining 11 skeleton staff to identify and realise the assets belonging to the company.
Some of the directors had exited the business in recent months, including the managing director Nick Stringer.
The Barnsley Chronicle reported Councillor Margaret Morgan’s reaction to the news: “It was only a few months ago they bought two adjacent houses as they needed extra office space, which to me implied it was a growing firm.
“I’m very sad to hear about this, as we need as many jobs as we can possibly have.”
______________________________________________________________________
Related information:
Contact Galglass' administrators
Companies in administration
This independent residential estate and letting agency is strategically positioned on a bustling High Street in an affluent area of London, offering substantial growth potential for discerning investors.
This well-established block and letting property management company in London boasts a distinguished brand and reputation, with minimal owner involvement thanks to a proficient team of experienced managers.
This established professional company offers a robust income stream from residential and commercial management, complemented by sales and surveying services.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.