Wednesday, 10 April 2013
BHW goes into administration
BHW, the Wigan-based aerospace components firm, has been put into administration with the loss of 60 jobs. Duff and Phelps have been appointed as the administrators.
They have made 64 of the firm's 153 staff redundant and are continuing to trade the business while they look for a buyer.
BHW supplies components to firms like Airbus and Bombardier and had sales of £11.4m in 2011 but recorded losses of £3.91m.
In 2007 BHW secured a £400,000 selective finance for investment (SFI) grant through the now defunct North West Development Agency. It was used to buy plant and equipment to fulfil a contract for the supply of parts for the Eclipse 500 private jet.
After selling BHW, Dudley-based Hampson filed for administration and delisted from the stock market.
Posted by Robert Moore at 11:19