Member Article

60 jobs saved at Wigan-based Eiffel Steelworks

William Hare has agreed to buy Wigan-based Eiffel Steelworks from administrators.

The move means that the 60 jobs that were at risk when the company went into administration are now safe.

Eiffel Steelworks was previously owned by Eiffel UK, a subsidiary of the French giant Eiffage Construction Métallique, part of the Eiffage Group.

Insolvency specialists from Smith & Williamson were called in to handle the administration of Eiffel Steelworks a month ago after it ran up losses of over £1.3 million.

Matthew Dunham, partner at Smith & Williamson said: “The decision to keep trading and so maintain the order book has made the business more attractive to potential buyers.

“We received interest from a number of parties and are delighted to have achieved this sale” according to the construction enquirer.

This was posted in Bdaily's Members' News section by Sophia Taha .