Fablink et al. - Administration

Fablink et al., a metal manufacturer with six sites across the UK, has been purchased in a pre-pack deal that has saved over 500 jobs.

The companies have suffered a number of adverse events which have caused liquidity issues over the past two years. These have included delays in funding to support relocation to a new site in Wolverhampton and the insolvency of a key customer. 

Chris Pole and Ryan Grant of Interpath Advisory were appointed joint administrators on 12 September and completed a pre-pack deal to Ensco 1 Limited, which will be known as Wharfside Industrials.

Hsbc UK Bank has a registered charge against the company.