LINCOLNSHIRE-based tipper and rigid trailer manufacturer Fruehauf has been placed into administration.
Hauliers and commercial vehicle suppliers said ongoing delays to orders had already led to a major trailer shortage across the entire supply chain.
Quantuma’s Carl Jackson and Tauseef Rashid have been appointed as joint administrators of the firm, along with Brian Johnson of UHY Hacker Young. They are looking at either a sale, or a Company Voluntary Arrangement (CVA).
Founded in 2020 and based on a 64-acre site in Grantham, Fruehauf also provides quality control systems and employs around 100 staff. Financial results for the year ending 30 September 2019 showed post-tax losses of £439,661 and turnover of £23.7m.
A Fruehauf spokesperson said: “The company has been placed into administration for a temporary period while we try to appoint an investor. Nothing changes, we’re still operating.”
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