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Boiler maker collapses

A boiler manufacturer in Sheffield has closed down with the loss of all 43 jobs.
Trianco Heating Products can trace its history back more than 200 years but factory, only opened six years ago on the Thorncliffe Industrial Estate, has closed and all staff made redundant.

Dan Butters and Ian Brown, of Deloitte’s Leeds office have been appointed as administrators and are holding talks with interested parties with a view to selling the company’s assets.

A spokeswoman for the administrators said it was too early to say what had caused the company’s financial collapse.

Nine years ago, director Peter Ferguson was brought in by the then owners to turn the company around. Among the initiatives since then were the sell-off of the Redfyre cooker business and the addition to the portfolio of electric and gas-fired boilers market as well as plans for a new range of “green energy” heating systems using biomass and domestic heat recovery.

Four years ago, when the company employed around 60 people, it was acquired by a management team, led by Ferguson.

Trianco was originally part of the Newton Chambers group, which was founded in Chapeltown in 1789 and became one of England’s largest industrial businesses, with subsidiaries that once included foundries, collieries and engineering works, as well as the Izal chemical business and Ronseal.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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