Bromford Industries Limited and Accrofab Limited – administration

Bromford Industries Limited and its subsidiary Accrofab Limited, Leicester-based suppliers to the aerospace, defence and power generation industries, entered administration on 9 March. Joint Administrators Ryan Grant and Chris Pole of Interpath Advisory cited difficulties including rising raw material and energy costs, supply chain disruptions, and the wider impact of the pandemic as the drivers behind the companies’ administrations. While the facilities at Derby and Alcester were continuing to trade well, operational issues at the Leicester facility further exacerbated the liquidity challenges faced by the companies. The Joint Administrators have retained all 309 staff to enable trade to continue. Stellus Capital Investment Corporation and Citizens Bank, N.A. have registered charges against both companies, while Lucid Trustee Services Limited and National Westminster Bank PLC have a registered charge against only Bromford.