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Recession reports - Steel fabricator Zonner folds with loss of 55 jobs in Caerphilly
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Monday, 12 Sep 2011
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It is reported that structural steelwork engineering and fabrication company Zonner Industries was placed in the hands of liquidators from business advisory firm Deloitte last month.

The GBP 3 million turnover firm had suffered heavy losses, and with no possibility of further funding being found the liquidators decided there was no option other than to wind up the business

Mr Paul Evans of Deloitte said that "The business suffered severe losses in the last 12 months and was unable to obtain necessary supplies to continue trading, and therefore was left with no alternative other than to cease trading an place the company into liquidation."

(Sourced from www.walesonline.co.uk)

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