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Buyers in line for Withey

6th February 1997
Page 8
Page 8, 6th February 1997 — Buyers in line for Withey
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Which of the following most accurately describes the problem?

• A number of potential buyers have shown interest in South Wales tipper bodybuilder K&J Withey since it went into administrative receivership last week with (_shflow problems.

Joint administrator Barry Jones says a deal to save the Rymney Valley-based company should be finalised within the next couple of weeks as interest has been "considerable" and of "good quality".

About half the workforce of

20 have been made redundant but the 30-year-old family business will continue to trade to finish existing orders (CM 30 Jan-5 Feb). In the past it has handled work for Swalec, Welsh Water, Iveco, Mercedes and Renault.

Jones says: It has a good name in the industry and we have already had calls from interested parties." He invites further bidders to come forward.

Tags

People: Barry Jones
Locations: Rymney Valley

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