Glass company appoints administrators
Corporate recovery specialists at Manchester firm Begbies Traynor have been appointed as administrators at glassware manufacturer Ravenhead Company Limited.
The St Helens-based company has been making tumblers and stemware since 1842, in an area where glassware has been manufactured since 1773.
The company blamed the strength of sterling for the its difficulties with the UK component of its business remaining strong.
Ray Robinson and Paul Stanley have been appointed on behalf of Begbies Taylor.
Following his appointment, Robinson said: ‘With 330 employees, Ravenhead is an important employer in the region and its skilled workforce has a high reputation not only in this country but also abroad.
‘The underlying business is sound and we are hopeful that we will be able to rescue the business and return it to profitability with a sound future.’