Staffordshire-based bathroom products supplier Silverdale has been wound up with the loss of 26 jobs after administrators failed to find a buyer for the business.
Matt Ingram, who ,last month was appointed joint administrator of the Newcastle-under-Lyme business with fellow Duff & Phelps colleague John Whitfield, said he regretted having to close the business, but said new orders had dried up since the company had gone into administration.
He said: “The resulting loss of turnover meant that the business was incurring unsustainable losses, which left us with no option but to close the doors.”
He said it was still possible the bathroom manufacturing could return to the site, as the infrastructure remains in place.
“However, at present, we do not have anyone indicating such interest and consequently our agents are exploring all possible strategies to realise value for the company’s assets,” he said.
Before its demise, Silverdale manufactured and marketed bathroom products under three brands – BC Sanitan, Jacuzzi Ceramic and Silverdale.