Eighty staff have been made redundant at a historic Worcestershire manufacturer after administrators were appointed.
The Post reported last week that Froude Hofmann was poised to fall into administration after experiencing "a period of significant losses".
Andy Turpin and Matt Hardy, from Birmingham-based financial services firm Poppleton & Appleby, have now been appointed joint administrators as they bid to find a buyer for all or part of the company.
Today's announcement formally confirms the number of job losses following last week's statement.
The Worcester-based engineering company designs, manufactures and supplies a range of engine testing systems to the automotive, gas turbine, marine and industrial markets.
Mr Turpin said: "We are extending all our efforts to try to find a purchaser for the company and we have had interest locally, nationally and globally.
"We are vigorously pursuing those possibilities.
"But such is the position of the company that we have had no choice but to make around 80 workers redundant.
"We are liaising with the Department of Work and Pensions and have met with MP Robin Walker to do everything we can to help the staff find new work."
William Froude invented the water brake dynamometer in 1877 at the request of the British Admiralty to produce a machine capable of absorbing and measuring the power of large naval engines.
The company, originally called Heenan & Froude, transferred to Worcester in 1903 and employed approximately 100 members of staff.