E&Y administrators saves jobs at PVC group
Three subsidiaries already sold
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.