Colstan Profiles - Administration

Colstan Profiles, a Dudley-based specialist steel profiling cutting business, was rescued out of administration via a pre-pack deal.

Colstan Profiles has been operating for over 35 years.

Shortly after the appointment of Dean Nelson and Brett Barton of PKF Smith Cooper as joint administrators on 14 March, Roger Dyson Group acquired the business, certain assets and all 17 employees.

Stephen George of Browne Jacobson assisted the joint administrators.

Funding Circle and Lloyds Bank have registered charges against the company.