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Dozens of workers lose their jobs after steel firm slips into administration

More than 30 jobs have been lost after a steel firm went into administration.

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Kingfisher Industrial Management

The entire workforce at Kingfisher Industrial Management in Cradley Heath have been laid off, administrators have revealed.

It is believed that 36 people have been made redundant by the firm.

In a statement administrators RSM Restructuring Advisory LLP said: “Damian Webb, Phillip Sykes and Diana Frangou from RSM Restructuring Advisory LLP were appointed as Joint Administrators of Kingfisher Industrial Management Limited on October 9, 2017.

“Prior to their appointment, we understand that all employees were made redundant by the company – we believe this was around 36 staff.

“Since appointment the administrators have been working to realise assets for the benefit of creditors.”

The firm, which is based on Cradley Business Park, in Overend Road, specialises in steel fabrications, including transfer chutes, cyclones, hoppers, vessels and process pipework.

Cradley Heath ward councillor Caroline White said: “If the company does have to close after this it would be a great shame to lose a local company that deals in the business that they do.

“It looks as though they do a lot for the local community as in the pipework and the things that they produce. It is a great shame for people to lose their jobs in such a manor.

“The business they deal in, you don’t always find that around here, it’s nearly always brought in from elsewhere so it is a shame to lose a local company that does that kind of work for us.

“It hasn’t been open that long by the looks of it, about seven years, but it’s still a shame to lose a company of that kind of business.

“It does say they are a worldwide company so they do ship abroad, so if they’re not being used by companies abroad then it is a great shame – a great loss to the community.”

The firm’s website states that the firm’s aims are ‘to grow a profitable business’ and pledges to ‘encourage and empower staff to make a difference.’

Kingfisher Industrial Management declined to comment.