The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Administrative Services Office Administrative, Office Support And Other Business Support Activities Business Support Service Activities N.E.C. 82.99 - Other business support service activities n.e.c.
110 - 117 jobs Number of planned job losses
Announcement Date
30 September 2014
Employment effect (start)
Foreseen end date
Description
Technical engineering company Caip has gone into administration with the loss of 110 jobs. The company which operated sites in Northampton, Didcot and Lymington, as well as its head office in Warrington, has now ceased to trade. Administrators KPMG have been appointed and on appointment they announced that the company would cease to trade and that 110 staff would be made redundant. Seven staff have been kept on in the short term to ensure the orderly winding down of the business.
The Northampton site had only opened in 2013. Accounts for the year to March had shown the business to be profitable. A spokesperson for the administrators attributed the failure of the business to delays on key contracts which had significantly disrupted cash flow.
Sources
30 September 2014: Insider Media
Citation
Eurofound (2014), Caip, Closure in United Kingdom, factsheet number 77671, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77671.
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