Twist in Matt Engineering saga as Hull business bought out of administration
Police were called to Matt Engineering in east Hull in November
By Hull Daily Mail | Posted: 19 Dec 2018
A Hull engineering firm which found itself at the centre of police drama when it plunged into administration last month has been bought out.
Police had to be called to Matt Engineering on Thursday, November 1 after staff arrived at work to be told they are being made redundant.
Almost 50 people lost their jobs in the move, with a dozen retained to help administrators through the process.
These 12 jobs have now been saved, as it is confirmed fast-growing company UTS Engineering has bought the assets of the Hull firm.
Shaun Sadler, managing director at UTS Engineering, said: “We are very pleased to take on this tremendous facility and, in particular, to inherit a very skilled and passionate workforce.
“I am personally delighted to break this news just prior to Christmas, so that the team can relax over the festive period with their families in the knowledge that their jobs are now secure.
“The team here has a strong track record in providing innovative solutions for many highly prestigious projects and they will be a very valuable addition to our growing business.”
Administrators for Matt Engineering confirmed cash flow problems had “impacted the company’s trade” back in November.
Staff were then told to pack up their tools when they arrived at the business, in Littlefair Road, east Hull, before being escorted off the site.
The 47 staff who lost their jobs received a further blow when they were told the business would be unable to pay them any money they were owed.
UTS Managing Director Shaun Sadler. (Tim Richardson)
The handful of staff who were kept on to help administrators have been told their jobs are now safe following the buyout.
Mr Sadler said: “We are very keen that the site continues to provide a high quality service to its existing loyal customers.
“In addition, we see it having the capacity to take on work from our existing plants on Tyneside and Wales when they experience peak demand.
"UTS Engineering has immense experience in the water sector and we have earmarked our new Hull operation, due to the technical skills of the team based there, as the ideal location to design and develop a new range of flood mitigation products.
“The consequence of this ambitious plan is that we will be investing in additional staff, equipment and processes during the course of 2019."
The 65,000sq ft facility has been a location for engineering and manufacturing for well over 100 years.
It is a fully equipped one-stop-shop, offering fabrication, stress relieving, high precision machining, load testing, shot blast and paint and assembly and test.
Its primary markets are nuclear, offshore, subsea, defence and structural steel industries.