Welsh prefab builder closes
Published: 28 October, 2011
NEWTOWN: Trade Manufacturing Facility has been placed in receivership and administrators Smith and Williamson have been instructed to place the company into voluntary liquidation.
Howard Wright, of trade union Unite in Newtown, told the BBC: "The staff turned up for work as normal on 18 October to be told there was no work, and the shutters were coming down and the company was to cease trading.
"The workers have been made redundant. People are still waiting for wages from the last couple of weeks."
A Smith and Williamson spokeswoman confirmed that TMF stopped trading on 18 October and the workforce dismissed by the "principal director".
She said the director instructed Smith and Williamson "to assist to liquidate the company", and statutory meetings of company members and creditors was likely to take place on the 25 November.
She added that these meetings would place TMF in creditors' voluntary liquidation, and would appoint the liquidator.