Bolton-based machinery manufacturer for the paper industry, Sandusky
Walmsley, has entered into administration following a lack of orders.
Administrators from PricewaterhouseCoopers, Michael Horrocks and Russell
Cash, were looking or a sale of the business. However, the the company, which
employed 323 staff, has made 158 redundancies.
Horrocks said: ‘This is a sad day for Sandusky Walmsley Limited, as we have
had to make a number of staff redundant in order to continue trading. Our key
priority now is to work hard to secure the sale of the business as a going
concern. We are contacting customers, interested parties and suppliers to obtain
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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