Administrators from professional advisory firm Grant Thornton have been appointed to Newport-based Quinn Radiators, resulting in the immediate loss of 280 staff. "I have spoken this morning with the Minister Ken Skates and understand an event has been organised for Wednesday to bring together key support partners including the Department for Work and Pensions, Careers Wales, Newport City Council and the Citizens Advice Bureau to help and advise to those who have lost their jobs. Its brand portfolio includes hi-lo, Barlo and Warmastyle panel radiators, as well as the Design by QRL ranges.Alistair Wardell, Trevor O’Sullivan and Matthew Richards of Grant Thornton UK have been appointed joint administrators of the company.Write CSS OR LESS and hit save. "With unsustainable losses continuing the directors took the difficult decision to appoint administrators, resulting in the immediate redundancy of circa 280 employees," he said.In the letter addressed to employees, the administrators said a "task force" had been set up to help workers with benefits, careers advice, immediate employment opportunities, and re-training options.Ken Skates, the minister for economy and transport, said: "This is clearly very disappointing news for the workforce at Quinn Radiators and their families. "We will do all we can over the coming weeks and months to help those affected find alternative employment and training support. It has been handled dreadfully by the company and I have huge sympathy with all the staff who have been a loyal workforce over many years. Administration started 10 June 2019.
Now, employing 300 staff, Quinn Radiators has fallen into administration, leading to the redundancy of all but 20 team members. "I have also urged the Welsh Government to do all they can to support the workers and their families in this most difficult of times.”Suppliers have been left owed money by the company, which supplies radiators across the UK. My thoughts are with all those affected today. Ourexplains more about how we use your data, and your rights. The Irish-owned business has two production lines with capacity to produce 3.5m domestic radiators a year.
We have a great selection of stunning designs in an ever-growing variety of colours and finishes to create your perfect living environment. Around 280 jobs lost as Newport-based firm Quinn Radiators Ltd goes into administration. "There had been rumours that the business was up for sale or possibly going into administration, but we didn't think it would come to this. He is owed a substantial amount and is worried about the impact on his business, he said.In 2016, Quinn Radiators Limited was given a £3 million commercial loan from the Welsh Government to expand and create 120 new jobs.A spokesman for Welsh Government confirmed a portion of that had been repaid and as per the terms of the agreement, the Welsh Government is now seeking to recover the remainder.At the time, Edwina Hart AM, the then-economy minister, said: “I am delighted the Welsh government is supporting QRL Group’s significant investment at Newport, which is the largest facility of its kind in Europe.“The QRL plant is an important local employer and the loan, which is offered on commercial terms and is repayable, will ensure manufacturing continues in Newport with plans to increase production and exports.
Quinn Radiators is set to recruit 120 employees for its recently opened factory, following an investment by the Welsh Government. You can unsubscribe at any time. The Welsh Government will also be there to provide advice about support through our ReAct programme.
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