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Jones & Shipman 1400, surface grinder 111142
Jones & Shipman 1400, surface grinder, fitted with 8 x 24 inch mag chuck, and 6 x 4 inch mag chu
Jones & Shipman 1400, surface grinder, fitted with 8 x 24 inch mag chuck, and 6 x 4 inch mag chu...
Bowland Trading Ltd

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Unisurf bought out of administration

Posted on 15 Sep 2014 and read 2414 times
Unisurf bought out of administrationUnisurf Engineering has been bought out of administration, saving all 12 jobs at the Bradford-based company.

Established in 1972, the manufacturer of components that are used in a range of sectors — from Formula One to sewage treatment — was acquired by Batley-based WM Hardill. Philip Deyes and Sean Williams of Leonard Curtis Business Solutions Group were the appointed administrators.

Mr Deyes said: “Working closely with the secured creditors of the company, with specific assistance from ABN Amro in the provision of essential working capital to
facilitate on-going trading in the lead-up to the eventual sale, highly skilled jobs have been saved in a sector where finding alternative employment has been problematic.

“In addition, this going-concern sale has secured a greater price for the business, which will provide significantly improved returns to the company’s creditors than would have been the case had the company been forced to cease trading.”