Engineering firm closes down with 105 job losses
GoogleMore than 100 workers have lost their jobs as an engineering firm closed.
Gilks, based in Nantwich, Cheshire, collapsed into administration after more than 60 years due to "financial pressures and wider sector challenges", administrator FRP confirmed.
Despite efforts to find investment or alternative funding and explore restructuring options, joint-administrator Martyn Rickels said it was "not possible to achieve a viable solution".
He confirmed Gilks, which also had an office in Anglesey, ceased trading and 105 people have been made redundant.
"The company operated within a sector that has faced increasing cost pressures and challenging market conditions in recent years," Rickels said.
"Regrettably, despite exploring all options, it was not possible to secure a viable future for the business."
He said their immediate priority was to support employees with their redundancy claims and to ensure an "orderly wind-down of the company's affairs".
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