Jobs lost after Rowley Regis firm enters administration
- Published
Cube Precision Engineering Limited in Rowley Regis has gone into administration
An engineering firm has gone into administration, resulting in the loss of 45 jobs.
Cube Precision Engineering Limited in Rowley Regis, Sandwell, supplied the automotive, aerospace and other sectors.
The company had debts of £2.9m by the end of 2022.
It had faced "difficult" trading conditions in recent months, according to the Express and Star, external.
It was also reported directors explored options to sell the company and its assets, but "no offers were forthcoming".
Cube Precision Engineering Limited described itself as "specialists across the automotive, aerospace and defence sectors", with "a strong ethos of supporting the local economy and businesses in the UK".
The business ceased trading upon the appointment of administrators Grant Thornton UK LLP on 30 November.
Follow BBC West Midlands on Facebook, external, X, external and Instagram, external. Send your story ideas to: newsonline.westmidlands@bbc.co.uk, external