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£600,000 bad debt brought down 50-year-old manufacturer

The firm has been sold of administration for just £120,000 - with unsecured creditors set to miss out

Broughton astleyUnited kingdomOlympic oilGroup solutionsSapcote engineering

50-year-old engineering firm calls in administrators

The move comes after a troubled few weeks for the company

United kingdomUnited statesBroughton astleyGroup solutionsCompanies houseBritish americanSapcote engineering

Manufacturer edges closer to administration | TheBusinessDesk com

Last year its owners invested £750,000 in a factory refurbishment at Broughton Astley

United statesUnited kingdomBroughton astleyGroup solutionsSapcote engineeringBritish american

50-year-old manufacturer facing uncertain future

The company's owners invested £750,000 in a factory upgrade earlier this year

Broughton astleyUnited kingdomUnited statesGroup solutionsSapcote engineeringBritish american

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