Culimeta-Saveguard administration: Business stops trading with 100 workers affected

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Operations have been stopped at the company

Business restructuring partners Kerry Bailey and Lee Cause, of BDO LLP, have been appointed as joint administrators of Culimeta-Saveguard Limited. The business is based on Park Road, in

It's understood administrators were appointed last Friday and workers were informed this week. The company manufactures specialist acoustic and thermal insulation products for the automotive and industrial sectors.In a statement, BDO LLP said the business had temporarily ceased trading while administrators consider all options, and no redundancies have been made so far.

"We are exploring the possibility of trading all or part of the business as we seek a potential buyer to help safeguard as many jobs as possible.” BDO says other entities in the wider Culimeta-Saveguard group, including English Fine Cottons Limited, have not entered administration.

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