Norfolk engineering firm administrator axes 140 jobs
An electrical engineering and cabling company in Norfolk has gone into receivership with the loss of 140 jobs.
E-Tech Group of Great Yarmouth was a specialist in energy, power generation, boat building and water treatment.
Fifteen people will stay at head office to help administrator BDO. It said trading conditions had hit the firm.
The company won an Eastern Daily Press business award in 2011 and had agreed with 97% of its creditors to pay debts over an extended period.'Orderly shutdown'
It has UK offices in Tyneside, Teesside, Southampton, Peterborough and Plymouth.
Administrators Geoff Kinlan and Shay Bannon said: "Regrettably, 140 employees have been made redundant and 15 will be kept on for a short period to assist the administrators with an orderly closedown of the business.
"During this period the administrators will continue to explore the possibility of the selling parts of the business and assets.
"Unfortunately E-Tech has been affected by difficult trading conditions and the general economic climate.
"Our only option has been to oversee an orderly shutdown.
"We recognise that this comes at a difficult time of year and we will be liaising with staff individually to offer support."