Unisurf 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.”