Wade Ceramics Ltd – administration

Wade Ceramics Ltd, a historic Stoke-on-Trent ceramics manufacturer, entered administration on 2 December. The company encountered financial difficulties due to the loss of a major customer at the start of the year, as well as current economic challenges including rising energy and supply costs. Kerry Bailey and James Stephen of BDO were appointed joint administrators. More than 130 jobs have been lost. A number of HSBC entities, as well as Fse Meif LP and Lombard North Central PLC, have registered charges against the company.