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    Home > Coatings News > Paints and Coatings Market > The market downturn has caused the career of a coatings specialist to enter the bankruptcy phase of a professional british company.

    The market downturn has caused the career of a coatings specialist to enter the bankruptcy phase of a professional british company.

    • Last Update: 2020-08-21
    • Source: Internet
    • Author: User
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    Surface Engineers (Manchester) Limited, a well-known british contractor specializing in
    industrial coatings
    , has announced that it has entered into insolvency proceedings and announced that it will cut 21 staff from now on.
    the 40-year-old company in Dukinfield, Greater Manchester, uk, provides professional coating technology services to the nuclear, oil and gas industries. The company is a leading professional company in the thermal spraying
    coating
    industry, initially established focusing on the heavy industry, its service business, including thermal spraying, is not only used in the field of corrosion prevention, but also in the regeneration of wear parts in steel mills. With the demise of UK steel mills and heavy industry, the company's expertise has shifted to corrosion-resistant coatings in the nuclear, oil and gas sectors.
    and Peter Wilder, directors of the company, confirmed that weak demand and a gradual decline in turnover had been caused by falling oil prices.
    company has appointed Nick Lee and Dean Nelson, from Smith Cooper, an accounting and business consultancy in the Midlands, as insolvency managers.
    new management will continue to conduct the company's business for some time with the support of the company's remaining 12 employees to assist clients in completing certain projects, while also seeking gold owners interested in the company's business and assets.
    , according to Surface Engineers (Manchester) Limited, its management team consists of experienced and knowledgeable members covering all aspects of the coating business, and its in-depth knowledge of the industry enables the company not only to execute the most challenging contracts, but also to discuss the individual requirements and applicability of protective coating systems. Over the years, the company has provided professional coating services to many of the major oil and gas companies around the world, including BP, Exxon Mobil, TOTAL, Shell, Chevron and GE Oil and Gas.
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