Ernst & Young administrators Simon Allport and Tom Jack have stepped in at PVC Group Plc and various subsidiary companies, helping save 131 jobs in the process.

The pair were appointed last week at the business, which is involved in the compounding and extrusion of PVC.

Shortly after appointment Simon Allport said E&Y had successfully sold three of the group's subsidiaries (Eagley Trade Extrusions Limited, PVC (Powders) Limited and Pulse Building Plastics Limited) as going concerns, securing approximately 131 jobs.

The administrators are currently seeking a buyer for the business and assets of the group’s Polycol division based at Stalybridge.

Administrators have made 44 redundancies across the Group.

Further reading:

E&Y still looking for Fopp buyers