Retrac Group - Administration

Retrac Group, a Swindon-based manufacturer of carbon fibre products, chassis and complex components for brands in the automotive, aerospace and motorsport sectors (including Formula One), had its business and assets purchased out of

 Mike Denny and Mark Firmin of A&M were appointed joint administrators of Retrac on 24 October, saying that the manufacturing sector had been impacted by consistently high levels of inflation. A few days later, the joint administrators completed a sale to Evtec, saving 110 jobs.

Close Brothers and Shawbrook Bank have registered charges against the company.