Birmingham automotive supplier falls into administration

99
0

Around 140 jobs are under threat at a Birmingham automotive supply company after it fell into administration.

Paintbox Birmingham is still trading from its base in Kings Norton while administrators from Alvarez & Marsal explore options for the business, including seeking a potential buyer.

The company is part of a wider group headquartered in Banbury but that element does not come under this administration and continues to operate as normal.

The Paintbox group was founded in 1989 in Northamptonshire and counts major high-end automotive names such as Aston Martin, Bentley, Jaguar Land Rover and Rolls-Royce among its client base.

The Birmingham Apprenticeship Awards are back for a second year, in partnership with the Ladder for Greater Birmingham. The event will be held online only on Friday November 27, 2020 and will celebrate apprentices, employers and training and education providers.

The awards are free and easy to enter via our online form which can be found here along with those all-important T&Cs. The deadline for entries is Friday September 18.

If you have any questions about entering or the awards in general, please email tamlyn.jones@reachplc.com and contact andrew.robinson01@reachplc.com or nikki.kandola@reachplc.com if you would like to learn more about becoming a commercial partner of the awards.

For more information visit our events website here and please follow the hashtag #BAA20 for updates on social media.

Its services include painting components such as doors and bumpers, supply chain management, assembly and product development.

The Birmingham factory was opened in 2001.

Joint administrator Paul Flint said: “The UK automotive industry has faced significant challenges in recent years, following a downturn in car orders which is now compounded by covid-19.

“Paintbox Birmingham has invested around £6 million in its state-of-the-art paint lines in recent years and, as a result, delivers high-quality products to its customers in the automotive and other sectors.

“We are hopeful of being able to find a solution which will secure the company’s future.

“We understand this is unsettling news for the employees and will be doing all we can to support them over the weeks ahead.”


Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here