Alliance Transport Technologies Limited, which specialises in the remanufacture of electronic components used to decarbonise fleets, has fallen into administration after facing delays to the launch of a major new energy storage system (ESS).
The company, which is based at two sites in Clowne in Derbyshire and Featherstone in West Yorkshire, employed 51 staff members, of which 15 have been made redundant.
In a statement, joint administrators Chris Pole and Ryan Grant of Interpath Advisory said they are exploring the possibility of a sale of the business and assets.
The statement added: “In recent months, the company has faced a number of challenges, including delays to the launch of its new ESS product.
“The impact of these factors on trading meant that the company required additional investment to support the business moving forward.
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"After exploring their options, the directors took the difficult decision to seek the appointment of administrators.”
Pole, managing director at Interpath Advisory, added: “Alliance Transport Technologies has been operating for 30 years, and in recent times, has pioneered the use of remanufacturing electronic components to allow commercial vehicle operators to decarbonise the maintenance of their fleets.
“Our focus in the coming days will be to explore the potential sale of the business and its assets, and would invite any interested parties to contact us as soon as possible.”
Interested parties are advised to contact Henry White at Interpath Advisory on firstname.lastname@example.org