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98 jobs lost at Doncaster aluminium firm
- China Aluminium Network
- Post Time: 2014/5/27
- Click Amount: 475
Administrators working at a doomed Doncaster manufacturing company have secured a deal to sell divisions of the business and initially create 14 new jobs, however 98 jobs were lost in the process.
Following fears that all 98 jobs would be lost at Balby based Norking Aluminium Limited, administrators from Sheffield based Wilson Field, have sold elements of the business under new management teams.
The total value of the deal is undisclosed but includes goodwill, stock and equipment of the company, based on the LKH Estate on Tickhill Road in Balby.
Insolvency practitioners at Wilson Field were appointed as administrators on April 4 after Norking had suffered cash flow problems as a result of a slump in the construction industry which it supplied, despite a healthy order book.
Three new independent companies have now been formed, two of which are from trading arms of Norking which held sole UK distribution rights. APCO produce a signage systems and FOGA, supply a Swedish based modular exhibition and display system.
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