Pneuride enters administration after sale effort fails

Pneuride, a Coventry-based manufacturer of electronic control systems and air suspension components for the automotive sector, entered administration on 30 September 2026 after a prolonged period of weak trading and cash flow pressure.

Richard Harrison and Chris Pole of Interpath were appointed joint administrators. Most of the company's 55 employees were made redundant following the appointment, with a small number retained to assist with the wind-down.

The company designed and manufactured advanced electronic control systems and air suspension components for automotive customers, operating as part of a supply chain facing growing pressure from changing vehicle technologies, intense competition and tighter margins.

Pneuride had experienced sustained soft trading in the months before the filing, while pressure on cash flow and margins left the company increasingly unable to meet its financial obligations. The deterioration ultimately led the business to cease trading in early September.

The directors explored a solvent restructuring before the administration, including marketing the business for sale and seeking new investment. Those efforts failed to produce either a viable offer for the company or sufficient fresh capital to continue operations.

Interpath said the wider transformation of the automotive industry had added to pressures already affecting suppliers struggling to protect profitability. Specifically, the combination of structural change in the sector and intense competition had placed additional strain on businesses throughout the automotive supply chain, and that Pneuride could no longer continue in its existing form.

The administrators are now overseeing an orderly wind-down while continuing to seek interest in Pneuride's business and assets.