Nearly 30 workers have been made redundant after a Nottinghamshire firm entered administration. Firber Engineering Limited, based in Kirkby-in-Ashfield, has been impacted by 'soaring' costs as a result of the effects of the Covid pandemic and the war in Ukraine
Mazars, the international audit, tax and advisory firm, has been appointed as administrator of the company, which was established in 1968. The firm was set up to design and manufacture steel waste and recycling containers and had established a strong customer base.
A spokesperson for Mazars said: "Following several successful years trading, the Covid-19 pandemic affected sales patterns, resulting in diminishing profit margins. More recently the shortage of, and significant increase in, the cost of steel due to the war in Ukraine caused significant cash-flow issues.
