A Sheffield manufacturing firm that collapsed into administration with the loss of nearly 80 jobs owes more than £500,000 to creditors, it has been revealed. More than 140 local and national companies are owed money in the wake of the collapse of Castmaster Roll, based at the Eagle Foundry in Attercliffe. The business went into administration in October and as no new buyer could be found, all 78 workers have lost their jobs and the firm’s assets are being sold.
The firm had reported a trading loss for three years in a row before going into administration, including a £400,000 loss for the year ending January 31, 2014. Details included in the papers of administrator KPMG show £502,353 was owed to different companies at the time of administration.
The firm produced iron and steel quality rolls, discs and sleeves for the manufacturing and food processing industry. The Stevenson Road site began making gas lamps more than a century ago and became a roll maker about 95 years ago. It was known as the Davy Roll company but, after going into receivership, it was reborn as Castmaster Roll in the mid-2000s, taken over by new owner Mel Farrar.
The firm had reported a trading loss for three years in a row before going into administration, including a £400,000 loss for the year ending January 31, 2014. Details included in the papers of administrator KPMG show £502,353 was owed to different companies at the time of administration.
The firm produced iron and steel quality rolls, discs and sleeves for the manufacturing and food processing industry. The Stevenson Road site began making gas lamps more than a century ago and became a roll maker about 95 years ago. It was known as the Davy Roll company but, after going into receivership, it was reborn as Castmaster Roll in the mid-2000s, taken over by new owner Mel Farrar.
