Nearly 60 workers have lost their jobs after a North Wales firm went bust. Richard Goodall and Anthony Collier of specialist business advisory firm FRP were appointed Joint Administrators of NWP Electrical & Mechanical Ltd.
The St Asaph based firm provided electrical and mechanical services for the design and build, commercial and residential industries and had traded successfully for over 25 years. Just last October it made the list of the 50 fastest growing firms in Wales.
But due to the ongoing economic conditions impacting the sector, significant pressure was placed on the cashflow and profitability of the company, leading to its insolvency.
