Thamesteel Limited administration update

Rod Weston, corporate recovery partner at international accountancy firm Mazars has made a further statement on the administration of Thamesteel Limited.

Rod Weston, restructuring services partner at accountancy firm Mazars, who was appointed as joint administrator to Thamesteel Limited on 25 January, said:

“Production at Thamesteel’s Sheerness plant ended several weeks ago and Wednesday afternoon the company voluntarily entered administration. The administrators, unfortunately, had to inform the workforce that 350 redundancies need to be made. However 50 jobs are being kept so as to maintain the plant in full working order while the administrators work hard to try and find a buyer for the business.” 

Original press release

ENDS

Press contact:

Louisa Howells, Mazars
020 7063 4142 / 07919 548 736
louisa.howells@mazars.co.uk

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