A Manchester-based technical engineering firm has entered administration, resulting in the loss of 110 jobs.
Caip Limited, which provided engineering services to the telecoms, renewable energy and construction sectors, operated from its Daresbury base as well as smaller sites in Northampton, Lymington and Didcot.
The company entered administration after some of its contracts with key customers were delayed, leading to cash difficulties.
Prior to entering administration Caip Limited employed 117 staff, 110 of whom have since been made redundant. Seven staff have been retained to assist administrators in winding up the business.
Paul Flint and Brian Green of KPMG were appointed as joint administrators to the company.
Flint, associate partner at KPMG said: “The company has experienced a number of delays on contracts with key customers which has had a significant impact on its cash flow which has contributed to its failure.”