Wharfside Industrial Limited - Administration

Wharfside Industrial Limited, a specialist metals manufacturer formed following the prepack sale of the collapsed Fablink group, and various Fablink subsidiaries entered administration on 7 January.

As part of the prepack deals, which completed about four months ago, all 521 employees were transferred to the purchaser. Unfortunately, however, since the acquisition, Wharfside has lost key customers, culminating in the appointment of Daniel Hurd and Lucy Winterborne of EY as joint administrators.

Approximately 427 employees have been made redundant whilst administrators look to sell certain parts of the group and its assets.

TDC Impact and Praetura Commercial Finance have registered charges against Wharfside, which was assisted by Shoosmiths.