East Lancs Warehouse Firm Enters Administration

A warehousing and distribution firm based in Darwen, East Lancashire has gone into administration resulting in a total of 60 redundancies.

The warehousing company, which in 2010 enjoyed a turnover of £5.6 million, has been forced to close its doors, with assets being sold off in an attempt to retrieve funds in order to appease its creditors.

Paul Flint, an associate partner at KPMG, which is in charge of the administration proceedings, claimed that the company’s dependence on achieving larger than average contracts was in direct correlation with the decline of the business.

Having served consumers in the North West and across the UK for more than 90 years, the decline of East Lancashire Warehousing Company Limited is not only a blow for the warehousing industry in the area, with Blackburn-based engineering company Warwick and Bailey announcing the closure of its Blackburn site, with 20 workers losing their jobs.

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