BusinessBusiness RecoveryFRP administrators called to Controlled Speed

FRP administrators called to Controlled Speed

Electronics manufacturer appoints David Thornhill and Geoff Rowley as administrators following cash flow difficulties

FRP ADMINISTRATORS have been appointed to electronics manufacturer Controlled Speed.

David Thornhill and Geoff Rowley, (pictured) both partners at FRP Advisory, were appointed joint administrators to the West Yorkshire-based business which has now ceased trading.

The manufacturing site employed 38 people with all but three made redundant.

Thornhill said: “The company has been experiencing cash flow difficulties over the last few months and management has been involved in discussions with a number of parties in recent weeks with a view to a sale of the business. That has so far not been possible, although discussions are on-going.

“While the position remains under review, we have unfortunately concluded that the company is not in a financial position to continue to trade. As result, all but a small skeleton of staff have sadly been made redundant.”

Related Articles

FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Manor Racing Formula One team company enters administration

Business Recovery Manor Racing Formula One team company enters administration

11m Stephanie Wix, Writer
Metal Hammer publisher hits the rocks

Accounting Firms Metal Hammer publisher hits the rocks

12m Stephanie Wix, Writer
FRP Advisory appointed as administrators to Lifestyle Living UK

Business Recovery FRP Advisory appointed as administrators to Lifestyle Living UK

12m Stephanie Wix, Writer
FRP Advisory appointed administrators for pink wafer producer Rivington

Accounting Firms FRP Advisory appointed administrators for pink wafer producer Rivington

1y Stephanie Wix, Writer
SFP sells off Pixel Projects and saves all staff

Business Recovery SFP sells off Pixel Projects and saves all staff

1y Stephanie Wix, Writer
Administrators from KPMG appointed to City Motor Holdings

Business Recovery Administrators from KPMG appointed to City Motor Holdings

1y Richard Crump, Writer
Begbies Traynor appointed administrators of William Anelay

Accounting Firms Begbies Traynor appointed administrators of William Anelay

1y Richard Crump, Writer