Joint administrators from BDO have completed a sale of two divisions of The Electrolytic Plating Company Limited (EPC) to Wolverhampton Electro Plating Limited, part of the Anochrome Group of Companies.
Kerry Bailey and Lee Causer of BDO were appointed as joint administrators of EPC – an electrolytic plating, high performance surface coatings and metal finishing business on 5th September 2024. A sale of two divisions and certain assets of the business was completed immediately following their appointment to Wolverhampton Electro Plating Limited.
The remaining business has ceased to trade and certain employees have been made redundant. Kerry Bailey, one of the joint administrators said: “The Electrolytic Plating Company Limited has traded for over a century, but it has had to navigate a number of financial challenges, particularly since the Covid crisis. We are delighted that the sale of the two divisions and certain assets will see the business continue, securing the continued employment for the divisional employees. Regrettably, the administration has also resulted in a number of redundancies and the administrators are supporting affected staff members with their statutory redundancy claims. We are now taking steps to maximise the remaining assets of EPC for the benefit of creditors, in-line with our duties.”
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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