Experts from business advisory firm Quantuma have completed a pre-pack administration of Sheffield-based, specialist engineering firm Linbrooke Services Ltd. This secures the future of the business and protects around 140 jobs.
Quantuma’s Richard Easterby and Chris Newell were appointed as joint administrators on 15th October 2024 to oversee the process. The company entered administration as a result of a range of challenges being faced by the railway construction sector, including delayed projects, and factors effecting the economy as a whole.
Linbrooke Services was established in 2002 and was comprised of three primary divisions, the railway construction business which has been rescued, and power and optical businesses which will close as part of of the deal. The business employed nearly 200 people. The deal sees around 140 staff transfer to the purchaser, Keltbray.
Richard Easterby, Joint Administrator and managing director at Quantuma, said: “I am delighted to have been able to achieve a sale of the Company’s rail operation, in very time-pressured circumstances, which secures the long term viability of the business and a substantial amount of jobs.
“Unfortunately not all of the business could be rescued. For those members of staff whose roles were made redundant, the priority of my team and our advisors is to work with them to ensure that they have the information required to make timely claims from the redundancy payments office.”
