Wed, 16 Apr 2014 | ADMINISTRATION
Administrators are inviting expressions of interest for cylinder maker Bradford Cylinders, after it entered administration on 4 April.
Robert Adamson and Tim Askham of accountancy firm Mazars have taken over the management of the business, affairs and property, The Business Desk reported.
The business had suffered a fall in orders and in sales volumes, which in turn impacted its cash flow situation.
Mr Adamson said: “We continue to trade the business, fulfilling orders and attempting to secure a sale for the business.
“To that end, we have received some expressions of interest but would welcome approaches from commercial parties interested in acquiring the business or assets.”
Out of its 37-strong workforce, 13 have been kept on to assist with satisfying customer orders.
West Yorkshire-based Bradford Cylinders has been in business for over a century. The company designs and manufactures heavy duty hydraulic and pneumatic cylinders for the steel, aluminium, process, marine, offshore and forging sectors.
In its early days it produced metallic seals for the shipbuilding industry, and spares are still made for these products. In the last 50 years Bradford Cylinders has created its range of standard heavy-duty cylinders for the steel industry around the globe.
It moved to its current premises - a modern, 4,000 square meter production site - in 2007.
_______________________________________________________________________
Related information:
Register your interest with the administrators today
Manufacturing businesses in administration
Opportunity to acquire a high performing business and long leasehold property operating in the dental and medical sector within London. Offers by: 6 December 2024.
Opportunity to acquire the business and assets of a beverage retailer with stores across England. Offers by: 2 December 2024.
Opportunity to acquire a privately owned Company founded over 40 years ago, operating as one of the leading developers of exceptional residential homes in prime areas of London and Southern England. Offers by 5 December 2024.
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.