More than 50 jobs lost in door maker administration

Dozens of jobs have been lost after a fire and safety door maker fell into administration.

Hartlepool-based Bridgman IBC has collapsed.

Officials say the company was felled by “insurmountable cashflow pressures”.

They add 56 staff have been made redundant after efforts to find a buyer foundered.

Operating from a 88,000sq ft factory on Hartlepool’s Longhill Industrial Estate, Bridgman IBC made and supplied doors for hospitals, universities and schools, with past clients including Cineworld, Hilton and McDonald’s.

Joint administrator Ian Royle, of restructuring firm BTG, said: “Despite a strong effort by the directors to increase sales over the past 18 months, which resulted in a full order book, the business faced insurmountable cashflow pressures.

“Ultimately, it was unable to fund the raw materials required to continue production, and an accelerated effort to sell the business as a going concern in recent weeks was unsuccessful.

“We are supporting employees through the process, and our additional priority is to maximise returns for creditors by seeking buyers for the company’s assets.”

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