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
Residents in the Rhiwbina Hill area of Cardiff reported up to 60 vehicles damaged by stolen van. Police are investigating.
She's suspected to have broken her ankle following the fall while walking at Scwd Yr Eira waterfall in the Ystradfellte Waterfalls area.
Clear skies and calm winds will lead to another cold night, with widespread frost forming early in the night.