Twenty-four jobs have been saved after an engineering company in Washington, Sunderland, was bought out of administration by a local peer.
Washington Precision Engineering, a parts and subassemblies supplier to the British aerospace industry, has been sold to Washington Technologies Ltd. The company had fallen into receivership earlier this month, and legal firm Baker Tilly was appointed as administrators. Mark Ranson, partner at Baker Tilly, said: “We are pleased to have concluded the sale so rapidly…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
