A long-established panel manufacturer has been forced to cease trading after ecoming a victim of the tough economic climate.
Nuneaton-based Exitile is to close with the loss of around 45 jobs. The company produced panels designed to allow easy entry into ceiling voids and cavities where access is required for maintenance or emergency procedures.
Martin Coyne and Matthew Hardy of Poppleton & Appleby, which has offices in Birmingham and Coventry, have been appointed as administrators of the company.
Martin Coyne, senior partner at Poppleton & Appleby, said: “Exitile Limited has fallen victim to the harsh economic climate and is, unfortunately, no longer a sustainable business.
“We are now working with the directors to fully assess the situation and are looking to progress things as quickly and efficiently as possible. There has been some initial interest in the business and it is therefore a possibility that there may
be scope for continuity to the brand.
“We are working closely with the local Jobcentre Plus, who were invited and attended our meeting with the workforce upon our appointment, to offer support and advice to the former employees.”