Administrators begin search for buyer to rescue Eiffel Steelworks, which has fallen into administration
A buyer is being sought to rescue London 2012 Olympics subcontractor Eiffel Steelworks, after it was placed into administration this week.
Eiffel Steelworks has provided structural steelwork for major projects including the London 2012 Olympic Stadium, Canary Wharf and the retail and leisure centre, Liverpool One.
Adam Stephens and Matthew Dunham, administrators at Smith & Williamson, said they were searching for a buyer to acquire the 60-strong Wigan-based firm out of administration.
The firm offers a production planning and manufacturing service and has a workshop facility in Ince, Wigan.
The business was originally established in 1986 as Horwich Steelworks at the Horwich Locomotive Industrial Estate.
Stephens said: “Eiffel Steelworks is a well-respected business which has been adversely impacted by difficult market conditions. It has significant levels of work in the pipeline and a highly skilled workforce. We are working in conjunction with all key stakeholders to try and save the business and identify a suitable purchaser in order to sell it as a going concern.”
Interested parties should contact Joph.Young@Smith.Williamson.co.uk.