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Sink company Astracast has gone into administration at a cost of 42 jobs.
The joint administrators Julien Irving and Andrew Poxon of Leonard Curtis Business Solutions Group have said that the sale of certain business and assets of the company means 103 jobs will be retained.
Businessman Darren Cooper who acquired the company last year, says that customers “will see little or no change” in business operations.
“The business experienced a downturn in trading, which resulted in operations not being commensurate to its manufacturing and premises costs,” said Irving. “On this basis the company was unable to avoid administration.”
A new trading business – Astracast International Holdings Limited – has acquired the elements of Astracast Limited, which means it will be able to continue to run.
Cooper said that sink manufacturing will continue in the company’s new Maltese factory.
