Nova Group Products Limited - administration

Nova Group Products Limited, a Nottingham-based company previously known as Fabriweld, entered administration on 2 May. The company is a manufacturer and processor of aluminium and steel products, primarily focused on home speaker accessories and casings for commercial electric vehicle charge points. The business had faced a significant drop in revenue over the last two years due to lower demand for its consumer-led products. Tim Bateson and Howard Smith of Interpath Advisory were appointed joint administrators.