TWO employers in Bourne have closed their factories with the loss of 35 jobs.
Trackline International Limited, which had a warehouse in Tunnel Bank in Bourne, and a factory in Pinfold Road, Bourne, closed at the beginning of March after going into administration.
And frozen food company Pinguin Foods UK also decided to close its factory in Tunnel Bank in Bourne at the end of last month.
Peter Saville, Fraser Gray and Anne O’Keefe, partners at corporate advisory and restruc-turing company Zolfo Cooper, were appointed administrators of Trackline in February “following a period of cash flow difficulties, caused in part by the current tough trading environment and economic climate”.
The administrators continued to trade the business until March while attempting to find a buyer. But after that failed, it announced to the 30 staff who worked at the two sites, that the business would close.
Mr Saville said: “Regrettably, despite our best efforts we have been unable to find a buyer for the business and have been left with no choice other than to cease trading.
“Unfortunately therefore, the employees have been made redundant.
“This has been an immensely difficult period for all concerned, but we would like to pay tribute to staff for their dedication and professionalism in recent weeks.”
Meanwhile, UK chairman of Pinguin Foods Nigel Terry said the decision had been taken to close the Bourne factory following a business review.
He said: “You need to be as cost effective you can and we concluded that we could run our services from our other two factories.”
The factory was formerly owned by food processing firm Christian Salvesen, which employed 100 people. Pinguin Foods bought its food business in 2007 for £17.2m. When the factory closed last month, five people lost their jobs.
The company will now run the services which were previously in operation at the factory at its other two UK premises in Boston and King’s Lynn.
A meeting for creditors of Stamford construction firm E Bowman & Sons, which collapsed in February, will be held on April 30 at the Great Northern Hotel in Peterborough.
A spokesman for the firm’s administrator, FRP Advisory, added: “All projects in which E Bowman & Sons Ltd were engaged at the point of appointment ceased with immediate effect and have not been sold on. Customers will be appointing contractors to complete outstanding works on a case by case basis.”