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Birmingham Post
Birmingham Post
Business
Tom Keighley

Jobs lost as Team Valley manufacturer CPS Drivelink falls into administration

CPS Begbies Traynor

A supplier and maker of car parts on Tyneside has collapsed into administration with the loss of 25 jobs.

Trading has stopped at CPS Drivelink, which operated from premises on the Team Valley Industrial Estate. The company had specialised in a range of new and remanufactured driveline, steering and breaking products and was result of a merger between Commercial Propshaft Services Ltd - which started in 1989 - and the more recent Drivelink Ltd.

Administrators from insolvency specialists Begbies Traynor in Newcastle were appointed to the firm after it was failed due to changing dynamics in its market and competition from larger buying groups. Efforts to find a buyer for the firm had failed.

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