200  year old copperworks in administration

The ‘Thomas Bolton copperworks has sadly gone into administration, causing risk for 110 jobs. This was said to be the last copperworks in Britain.

This factory in Froghall was suffering ‘short-term cash-flow difficulties’ and is still working while looking for a buyer.  Its major project was making parts for a generator  for the 2008 Beijing olympics.  This copperworks is in administration because it needed to pay a £300,000 fine from a serious accident.

Graham Wild, a partner at Zolfo Cooper, said to the sentinel ‘we believe the company is an attractive proposition to a range of potential buyers.’ An unidentified worker said it came a surprise to all of the employees.

By Alex

 

 

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