Jobs threat as WR Refrigeration goes into administration
- 23 October 2013
- From the section Glasgow & West Scotland
A fridge repair and servicing firm has gone into administration putting 600 jobs at risk across the UK.
Leicester-based WR Refrigeration was served with a winding up petition by HMRC earlier this month.
Administrators now say it faces "the real risk of imminent closure".
Some 296 jobs are under threat in Leicester and 59 in East Kilbride. The firm also has sites in Ipswich, Weston Super Mare, Dartford, Leeds, Spalding, Cardiff, Swansea and Belfast.
WR Refrigeration had been experiencing cash-flow and trading problems prior to the HMRC winding up petition.
Administrators were called in after the firm was unable to secure additional funding.
Joint administrator Eddie Williams, from PwC, said: "Over the last few weeks the directors, funders and other key stakeholders have been in extensive dialogue with regards to securing additional financial support for the business, particularly in light of the winding up petition.
"Unfortunately, these discussions have not been successful and have led to our appointment as administrators.
"The level of losses and funding requirements mean that the business may not be able to continue to trade and faces the real risk of imminent closure."
Mr Williams added that there had been no redundancies and employees would be paid on an on-going basis.
He said: "We have had expressions of interest in the business and we will try to move forward, but we need to retain support of customers and the employees.
"We need all aspects of this to come together reasonable quickly."