UK Commercial Heat Treater Enters Bankruptcy Protection
It would appear that North America and the EU Zone are not the ony areas proving to be challenging for commercial heat treaters these days. In this story we see that “GTB Components”, a commercial heat treater and supplier of powdered metal components has entered bankruptcy protection while looking for a new owner.
“More than 40 jobs are at risk after a St Helens heat treatment services business was placed into administration by its directors. Patrick Lannagan and Conrad Pearson, of Forvis Mazars, were appointed joint administrators of GTB Components, yesterday (July 23, 2025). The business was established in 1981 and developed into a key manufacturer of powder metal components, serving global sectors including automotive, building products and home and leisure.The company employs 44 staff and in its last accounts filed at Companies House for the year to May 31, 2024, it had net assets of £1.918m, compared with £1.810m in 2023. Patrick Lannagan, joint administrator and partner – corporate restructuring, at Forvis Mazars, said: “The company has encountered cash flow challenges, resulting predominantly from challenging market conditions.
“After careful consideration of the financial position, the directors of the company have reached the difficult decision to place the company into administration.” He added: “The company possesses a well established manufacturing capability and dedicated and skilled workforce and continues to trade whilst a buyer for the business is sought by the administrators. “The administrators will be writing to all creditors in the coming days.”
Did you like this article? Click here to subscribe to The Monty.
View our recent magazines and podcasts by clicking the following link. https://themonty.com/magazine/
