Firm fails for second time

A north-east engineering company has gone into receivership for the second time in a year. Hallcalm Engineering of Stockton, which employs 60 and manufactures pressure vessels for companies including ICI, has been put up for sale by receiver Grant Thornton. Hallcalm UK, which has its headquarters in Peterlee, bought the company, previously known as Whaley […]

A north-east engineering company has gone into receivership for the second time in a year.

Hallcalm Engineering of Stockton, which employs 60 and manufactures pressure vessels for companies including ICI, has been put up for sale by receiver Grant Thornton.

Hallcalm UK, which has its headquarters in Peterlee, bought the company, previously known as Whaley Engineering, out of receivership last June.

Whaley had been forced into receivership by a declining order book and the strength of sterling. Hallcalm invested heavily in the firm but not enough new orders were gained.

Joe McLean of Grant Thornton said: `Hallcalm Engineering will continue to trade while the search goes on for a buyer.’