Administrators at accountants PKF are battling to save a Black Country manufacturing business after the board of directors and the company's main funders placed the company into administration.
PKF partners Ian Gould and Brian Hamblin were appointed after a number of winding up orders brought by creditors threatened to force Aable Manufacturing & Engineering Services under.
Fifteen of the firm's 67 staff have been made redundant while the administrators continue to trade the business and fulfil customer orders while seeking a trade or private sale.
Based at Unit 17, Western Way, Wednesbury, the business manufactures metal components through processes such as laser cutting, CNC punching, CNC Forming and online assembly.
Aable was established in 2001 and operates from a 50,000 sq ft factory. The company manufactures and fabricates steel products for a wide range of industries including catering, automotive, healthcare, power generation, retail and construction.
PKF partner Ian Gould said: "Clearly the first priority is to stabilise the business and establish the best route forward. Our instincts are that the business can be sold on and we are urging customers to stay with us in the hope that as many jobs as possible can be saved while we try to negotiate a satisfactory outcome."