Birmingham & Black Country

Ninety jobs lost at Smethwick's Incanite foundry

Incanite Foundries Limited in Smethwick Image copyright John Brightley
Image caption Incanite Foundries Ltd has been operating since 1920

Ninety jobs have been lost at a West Midlands iron and aluminium foundry.

Administrators have been appointed at Incanite Foundries Ltd, which ceased trading at the end of last year.

The company had been operating since 1920 and employed just over 100 workers.

Administrator Baker Tilly said turnover at the company had fallen in late 2013 after it lost a number of customers, causing "serious cash flow issues".

Incanite Foundries describes itself on its website as "one of the UK's premier aluminium and iron foundries".

Only a skeleton staff now remains at the factory.

Guy Mander, one of the joint administrators, said in a statement: "Major investment was made to grow the business, however the loss of customers and associated cash flow implications meant that administration was necessary in order to protect assets for the benefit of creditors."

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