01/09/2015: Closure of grain silo manufacturer leads to job losses

Image: Brad Perkins

Insolvency practitioner Steven Wiseglass, of Inquesta, has been appointed administrator of British silo manufacturer Grain Storage Solutions, Bdaily reports.

Pontefract-based GSS has gone into administration after not being able secure sufficient working capital to safeguard its future.

Mr Wiseglass said: “The directors concluded there was no alternative but to appoint an administrator.

“Unfortunately, there has been no buyer for the business despite a number of potentially interested parties, and we have regrettably had to make all employees redundant.

“We are now looking to sell the plant, machinery, stock and intellectual property rights to recover money for creditors.”

Read the full article HERE.

 

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