Monday, January 13, 2025

Rescued manufacturer falls back into administration

Administrators have been appointed to five entities of the Fablink Group: Wharfside Industrial Ltd, Fablink (Evenwood) Ltd, Fablink (Luton) Ltd, Fablink (Northampton) Ltd and Fablink (Wolverhampton) Ltd.

The group, employing 427 people, specialises in the manufacture of metal pressings, fuel and hydraulic tanks, operator cab assemblies and other complex structures.

It was acquired out of administration in September 2024, but since then it has lost the business of certain key customers.

The group’s management team has worked to find a viable solution to rescue the business, however, the significant loss of business has severely impacted the group’s future viability. As a result, the directors have determined that they have no option other than to place the group into administration.

On 7 January 2025, Dan Hurd and Lucy Winterborne of EY were appointed as joint administrators.

Given the lack of ongoing business, the majority of employees have been made redundant whilst the joint administrators continue to explore a sale of certain parts of the group and its assets. All employees impacted are being offered support and advice.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.









Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close