Sheffield boiler manufacturer Trianco is hoping to find a buyer for the troubled business, after the company appointed administrators last week.
The boiler maker’s factory at the Thorncliffe trading estate in Chapeltown, which opened six years ago, has closed with all 44 staff made redundant as administrators at Deloitte’s Leeds Office try to sell the business as a going concern.
Administrators Dan Butters and Ian Brown at Deloitte declined to comment on the reasons for the collapse of the business, but said they were in talks with a number of interested parties about taking the company on. If no buyer is found then the administrators will look for buyers for the company’s assets.
Since 2001, Trianco Heating Products, one of the last remaining British-owned domestic boiler manufacturers, had invested millions of pounds in equipment including robot welders, box forming machines and an automatic paint-spraying machine.
The new premises, which opened in 2004, included a production area, training school and offices.
Trianco Heating Products was acquired by managing director Peter Ferguson in a management buyout in 2006. It subsequently sold its Redfyre cooker business.
Trianco had also recently moved into the renewable energy markets with the Activair range of air source heat pumps.
It was originally part of the Newton Chambers group, which was started in Sheffield more than 200 years ago. In 1995 the company became part of the Bullough Group and later London-based merchant bank Union Investment.
Trianco Training Services, which has its offices and facilities in the same building is still trading. The company has no ties with Trianco Heating Products.
Join our industry-focused LinkedIn group