Administrators have been appointed to a Middlesex-based manufacturer of ergonomic and orthopaedic office seating.
Fabrique Du Metal Limited, trading as Advanced Seating Designs, was hit by changes in government policy for the assessment and funding of disability products.
The company also suffered from a decline in orders from the corporate sector.
As a result, the company directors placed the company into administration at the end of July.
Andrew Duncan and Alex Cadwallader of Leonard Curtis Business Solutions Group were appointed as joint administrators of the company on 1 August 2014.
Cadwallader, director at Leonard Curtis Business Solutions Group, says: “We are working quickly to identify potential buyers for assets and have instructed professional agents, AgentCite Limited, to market the assets for sale.
“Having already received expressions of interest in the company’s order book, customer list and product portfolio, we are keen to ensure that the value of assets are maximised for the benefit of creditors.”