57 jobs under threat as textile firm goes into administration
A Rochdale textile company has gone into administration, threatening the jobs of 57 staff.
TBA Textiles went into administration on May 30 with Ben Woolrych and Russell Cash at FRP Advisory appointed to handle its affairs.
The company at Transpennine Trading Estate on Gorrells Way is continuing to trade while buyers are sought for the business.
FRP is citing “unsustainable pressure” on TBA’s cash flow as the main reason for its demise.
The company made pre-tax losses of £376,887 on turnover of £7.6m in the 2015 cal... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
