Hawksley Engineering, based in Gunness, near Scunthorpe, has been placed into administration after experiencing difficult trading conditions.
Joint administrators Andrew MacKenzie and Robert Maxwell of Begbies Traynor, who have been appointed by the court, are seeking a buyer for the business, which provides structural and mechanical engineering projects for a range of clients in the farming, marine and civil engineering industries.
Hawksley Engineering, which has an annual turnover of approximately £500k, has been trading since 1972 and employs nine staff at its Gunness plant. All nine employees face redundancy if a buyer cannot be found for the company.
Administrator, Andrew MacKenzie, said: “Unfortunately Hawksley Engineering has suffered from the devastating effects of the economic downturn and the loss of a major customer, which has resulted in the business being put into administration. We are hopeful that the company can be sold as a going concern, safeguarding as many jobs as possible.”
He added: “We are currently talking to a number of interested parties and hope to secure a buyer for the business and its assets, which include plant and machinery as well as 3.5 acres of land and buildings in Scunthorpe.”
All enquiries should be made to Louise Longley at Begbies Traynor on 0113 2440044.
Andrew is a qualified Insolvency Practitioner, Chartered Certified Accountant and has a degree in Accountancy and Finance. He joined the Leeds office of Begbies Traynor in January 2006 having previously worked for PwC, Baker Tilly and BDO Stoy Hayward. Andrew opened a Hull office for the firm on 1 May 2008 and has a broad range of experience in Corporate Rescue and Recovery, restructuring, personal insolvency, business investigations, review work and funding solutions.