Rochdale based Dale Joinery has gone into receivership with reported debts of £18.5m.
This followed a failed attempt by directors to sell the business, which is based on the Trans Pennine Industrial Estate. London-based receivers, Ernst and Young, has appointed Simon Allport and Garry Wilson as joint administrative receivers for Dale Joinery. They said: 'The company has a total of 195 employees on the Rochdale site and a further 64 employees in Lichfield in the West Midlands.

'The reason for this move is that there has been slow trade in the last several months and then a bid to sell off the business that didn't go through.

'We will be trying to sell the company as a going concern. It is too early to say what the effect will be on jobs.

'We will always try to keep the company's and employees' best interests at heart. And we will speak to employees as soon as possible.'

Source

Glass Age