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Incanite Foundries in administration

24 January 2014

The iron and aluminium foundries business based in the West Midlands has had to cut 86 jobs after it ceased trading in late 2013. Incanite Foundries have now appointed joint administrators, Guy Mander and Dilip Dattani, of Baker Tilly to assist with proceedings.

Despite an acquisition of the company in 2012 which led to investments and an expansion of aluminium foundries, the business has suffered from poor cashflow in recent months, as a result of losing a number of customers. 

Founded in 1920, Incanite supplied castings and project development solutions to global customers across a range of industries.  

Guy Mander stated, ‘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’.

We are not involved in the administration and questions should be directed to Baker Tilly who are handling the administration.

If you are an employee of the business, then please listen to the video below as it will tell you your rights as an employee of an insolvent business.  There is a link at the end of the video to the Government website which expands further what you need to know.