We have offered assistance to the maximum level allowable within state aid rules to the company. However, this offer was not taken up by the company, because of their worsening financial and competitive position.
The company’s senior management have thanked the Welsh Government for our offer of support and for the speed and flexibility with which we responded, however, they have reluctantly decided that it is in the best interests of its employees and partners to file for administration, when a buyer for the business may be identified.
We will now work with the Administrators, Grant Thornton, to explore all options for securing the future of the company and we will of course discuss packages of support with any potential buyers.
More top news
A windy day, with rain gradually spreading from the south-west further into the rest of the country.
A man and two teenagers have been arrested after a man was stabbed to death in Rhyl in the early hours of this morning.
It will be a dry night with clear spells for all of us, but the south-easterly wind will increase, becoming rather windy by morning.