Gilwood (Fabricators) Company Limited - Administration

Gilwood (Fabricators) Company Limited, a Heywood-based manufacturer of static process plant equipment and pressure vessels, entered administration on 1 November, citing rising interest rates and material costs. Immediately on their appointment as joint administrators, Gareth Harris and Chris Ratten of RSM completed a pre-pack sale to DC Norris and Company, a leading manufacturer of industrial food and beverage processing equipment, saving 26 jobs. National Westminster Bank has a registered charge against the company.