Sad news for everyone involved
Nearly 30 workers have been made redundant after a Nottinghamshire firm entered administration. Firber Engineering Limited, based in Kirkby-in-Ashfield, has been impacted by 'soaring' costs as a result of the effects of the Covid pandemic and the war in Ukraine
A spokesperson for Mazars said: "Following several successful years trading, the Covid-19 pandemic affected sales patterns, resulting in diminishing profit margins. More recently the shortage of, and significant increase in, the cost of steel due to the war in Ukraine caused significant cash-flow issues."Given these difficulties, the directors decided that the company had to be placed into administration. The business has ceased to trade and all 29 employees have been made redundant.
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