Tuesday, February 25, 2014

News: CPI Electronics goes into liquidation

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Specialist Rotherham manufacturer, CPI Electronics, has gone into voluntary liquidation.

CPI was established at Hellaby in 1997 and a purpose built 8,000 sq ft manufacturing plant in Templeborough went into operation in 2007.

The firm provided a comprehensive contract manufacturing facility supported by advanced production equipment and a highly skilled and motivated workforce.

CPI's printed circuit boards and cable products are in daily use around the globe in a variety of high technology, high-reliability applications, and CPI established particular expertise in product design and development of electronic and electro-mechanical assemblies and software.

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At a meeting of shareholders last week, Paul Ironmonger, managing director of CPI Electronics signed off the resolution that the company cannot continue its business and Paul Whitwam and Gary Blackburn of BWC Business Solutions were appointed as joint liquidators.

After solid growth, CPI invested in SMT (surface mount technology) production equipment in 2011. The company's statement of affairs drawn up in preparation of liquidation shows an estimated deficiency of £536,875 regarding creditors.

Images: CPI

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