TPI July 2012

business & market news

Buyers sought for UK manufacturing firm A business advisory firm is looking for buyers for an engineering firm that specialises in the designing and installing pipework, after it hit financial difficulties. Cooper Parry, with offices in Leicester, Derbyshire and Nottingham, UK, is selling Engineering Services (Humber) after the business went into administration with the loss of 41 jobs. Dome, Robin Hood Airport, HM Prisons and Balfour Beatty. Mr Courtman said, “EngineeringServices had been experiencing increasing cash flow difficulties over the last few months and despite management’s best attempts to secure the company’s future, this ultimately was not possible. Unfortunately, it was concluded that the company was not in a financial position Cooper Parry is now looking for ways to complete the remaining order book, and has appointed quantity surveyors to help. Cooper Parry – UK advice@cooperparry.com www.cooperparry.com to continue to trade and all employees had to be made redundant.”

Joint administrators Tyrone Courtman and Nick Edwards, of Cooper Parry, said they had received a few enquiries and were looking to sell the business, or parts of it, as a going concern. Engineering Services (Humber), based in Retford, Nottinghamshire was formed in 1964 and specialises in the design, supply, fabrication and installation of plastic pipe systems. Its clients have included Olympic Village, The London

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FTSE 100 nuclear supply contract

IPP Scomark has been awarded a substantial contract to supply a FTSE100 company with small bore pipe fittings for nuclear systems. This expands the on-going work IPP Scomark is involved with in supplying nuclear reprocessing plants in Cumbria, UK. IPP Group continues to develop its supply chain solutions in the nuclear industry. Michael Hudson, group director of operations, commented, “We have worked very hard to win this contract and we are delighted with the opportunity to produce fittings for this FTSE 100 company. It is a testimony to IPP Scomark’s excellent quality and service.”

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July 2012 Tube Products International