Nineteen made redundant at company (From Warrington Guardian)
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Nineteen made redundant at company
1:00pm Wednesday 16th January 2013 in News
A NOT for profit organisation that helped develop environmental goods has gone into liquidation after Government funding was cut.
Nineteen staff have been made redundant after Envirolink Northwest Ltd, based on Dewhurst Road in Birchwood, closed.
Funding reductions meant the business, which turned over £6million in 2010, has been placed into voluntary liquidation.
Bev Budsworth, is managing director of the Business Debt Advisor, appointed as liquidator this week.
She said: “ For a limited company that helped support so many businesses and created jobs in the region, it ultimately failed because it became increasingly difficult to get sign-off and payment on European funded projects.
“Severe funding cuts also drastically reduced turnover causing cash flow issues.
“Saving the business just wasn’t possible as there were very few remaining projects and no sustainable business to sell.”
