Gresham Power Electronics Limited - Administration

Gresham Power Electronics Limited, a Salisbury-based manufacturer of power conversion and control solutions, had its business and assets purchased out of administration on 2 May.

The company worked in the defence, aerospace, and industrial sectors. It reportedly encountered obstacles due to ongoing uncertainty in government procurement schedules and financial struggles at its parent company.

Immediately on the appointment of Stewart Goldsmith and Carl Faulds of Leonard Curtis as joint administrators, a sale to NCE Switchgear was completed, preserving 11 jobs and securing essential services for projects in the marine defence industry.