CVR Global Partners Appointed Administrators of Manufacturer
CVR Global Partners Appointed Administrators of Manufacturer : Partners from insolvency specialist CVR Global will be the administrators of manufacturer of structural insulated panels, Sip Frames. The partners appointed for the administration are Elias Paourou and David Oprey. The administrators have confirmed that there are parties interested in buying the business. We are in talks with parties who are interested in buying the business and will be updating creditors in due course, said Paourou. Sips Frames UK traded as Sips Eco Panels and all 40 staff have been made redundant. The company produced SIPs, which are structural frames made from two parallel layers of structure and a layer of insulation, for the construction industry. Sips Eco Panels had a factory in Glenrothes, Fife and a head office in Sudbury. Paourou added: Our appointment has come as a result of the company running up substantial losses which has led to contracts not being fulfilled. We are in the process of carrying out a full review of the companyâs affairs, but unfortunately the company has ceased trading. Manufacturing & Engineering Magazine | The Home of Manufacturing Industry News Manufacturing & Engineering Magazine (MEM), is a the leading UK based monthly print & digital publication focused on promoting innovation in manufacturing and engineering available here in the UK. We cover : SUSTAINABILITY (Waste & Water Management, Recycling, Energy); INMOTION (Rail, Marine, Aerospace, Automotive, Defence); INFRASTRUCTURE (Oil & Gas, Nuclear, Construction); Healthcare (Medical), TECHNOLOGY(Printed, Connected, Software, Composite); MANUFACTURING (Chemical, Metals, Plastics, Electronics, Electrical); CONSUMER GOODS(Furniture, Electrical, Electronics, Food) to name but a few. We have over 50,000 views of each issue of MEM on average in 2022 and go to print monthly and also publish in our newsletter, (each issue is available free for 12 months digitally). Our focus is aligned across the next 12 months with our global media partnerships around Trade Events and also contains original content.
