Historic Coventry manufacturer enters administration

Posted on 31 Jan 2014 by The Manufacturer

A Coventry manufacturer which has produced school uniform name tags for 160 years has gone into administration.

Cash’s is seeking a new buyer after administrators were appointed to the business and its parent company Composite Materials Limited. 47 of the company’s 58 staff have already been issued with redundancies, with Cash’s citing “significant” cashflow problems as a result of a deficit in its pension scheme. Will Wright, partner at KPMG and joint…

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