Three new independent companies have been established from the remains of an insolvent Doncaster-based aluminium manufacturer.
Norking Aluminium Limited entered administration in April, after the company suffered cash flow problems as a result of a slump in the construction industry, despite maintaining a “healthy” order book.
Three new independent companies have now been formed, two of which are from trading arms of Norking which held sole UK distribution rights, and creating 14 new jobs.
New company APCO produces signage systems while FOGA supplies a Swedish-based modular exhibition and display system.
The third company, Mettech Fabrications Ltd, is a new venture manufacturing press metal work and aluminium and steel bracketry for the construction industry.
Lisa Hogg and Robert Dymond of Wilson Field were appointed as joint administrators to Norking Aluminium on 4 April.
Hogg said: “At this very late stage, our aim was to seek new owners to take on the viable elements of the business.
“Every effort has been made to find a buyer for the company and to salvage three divisions of the business and their associated employment. Interest was shown by a number of parties before negotiations resulted in successful sales to different parties”