Member Article

Collapse of Cheshire technical engineering firm costs 110 jobs

Administrators have been appointed at technical engineering company Caip Limited, which provides services to the telecoms, renewable energy and construction sectors.

The company, which employs approximately 117 members of staff, is headquartered in Daresbury, near Warrington, with smaller sites in Northampton, Lymington and Didcot.

Paul Flint and Brian Green from KPMG’s Restructuring practice in Manchester have been appointed joint administrators.

The business has ceased trading and a total of 110 employees were made redundant.

A small number of staff have been retained temporarily to assist the joint administrators with the managed wind-down of the business.

Paul Flint of KPMG said: “The company has experienced a number of delays on contracts with key customers which has had a significant impact on its cash flow which has contributed to its failure.”

This was posted in Bdaily's Members' News section by Simon Malia .