Eighty-four jobs lost at Cambridgeshire group
Eighty-four redundancies have been announced at a Cambridgeshire industrial group after administrators with Deloitte failed to find a buyer for the stricken businesses.
The joint administrators of R J Herbert Group Limited and R J Herbert Engineering Limited in Wisbech say the 84 jobs have been lost at the engineering arm, which provides handling equipment to farmers and growers, fresh packers and processors.
Of the remaining workforce, 32 employees will be transferred to Herbert Systems Limited which is another part of the business and remained outside of administration. Fourteen staff have been retained while R J Herbert Engineering is wound down.
Chris Farrington, joint administrator and financial advisory partner at Deloitte, said it was still hoped buyers could be found for certain assets and facilities, which could resurrect the business.
He said: “We have been unable to find a buyer for R J Herbert Engineering so far, although the factory, stock, plant equipment and technical drawings are still available for sale.
“We would still prefer to sell the manufacturing facility as one unit if a buyer could be found quickly, which could potentially resurrect the business. “Trading any business during administration cannot be done indefinitely due to the costs involved so the job losses have become inevitable.
“We have found an overseas third party to buy Herbert Systems Limited, and we hope to conclude the terms of the offer in the coming week.”
Farrington and Matt Cowlishaw were appointed joint administrators over R J Herbert Group and R J Herbert Engineering on July 14.
Herbert Group is the parent company for Herbert Engineering and Herbert Systems.
The combined turnover of the group for year ended March 31 was around £11.3 million.