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Controlled Speed Limited enters administration

22 November 2011

Administrators seek a sale of the West Yorkshire based electronics manufacturer. 

Controlled Speed Limited, a contract electronics manufacturer based in Batley, West Yorkshire, entered into administration on 16 November 2011 with the appointment of Joint Administrators, David Thornhill and Geoff Rowley, partners at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm. 

Controlled Speed Limited employed 38 people at its site in Batley, manufacturing high performance electronic motor speed controls for customers in the mobility and infrastructure industries in Europe and the Far East. 

Commenting on the case David Thornhill said:  "The Company has been experiencing cash flow difficulties over the last few months and management has been involved in discussions with a number of parties in recent weeks with a view to a sale of the business. That has not so far been possible, although discussions are on-going. 

"While the position remains under review, we have unfortunately concluded that the company is not in a financial position to continue to trade. As result, all but a small skeleton of staff have sadly been made redundant." 

Mr Thornhill added: "Controlled Speed operates from first class manufacturing premises and is highly regarded for the quality of products it has developed and produced over the last few years – we remain hopeful that a sale of the business can be achieved over the next few days." 

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