Bury-Based Manufacturer Goes Back into Administration

Stanref International (2017) Limited, a Bury-based manufacturer of pressure vessels and heat exchangers, appointed administrators this week. The business was bought out of administration last October but has been unable to secure occupation on its site in Bury’s Northern Way and ran out of time negotiating on another site. Director Adrian Howlett said: “Things were looking up for the business with a full order book and record sales last month but without business premises beyond the end of May we couldn’t continue to accept customer orders knowing the company would not be able to fulfil them.”

McTear Williams & Wood is seeking a buyer as a going concern. Joint administrator Andrew McTear said: “This is the first time in over 30 years where I am offering a business for sale without the option of a business premises it can trade from beyond 31 May 2018. Realistically any purchaser will need to have existing premises but that apart this is a great opportunity”.

8 March 2018
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