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Valley Foundry
The company dates back to just after the second world war when the iron founding operation specialised in making cast iron pipes for the water industry. In 1950 the foundry was acquired by new owners with the aim of supply castings to their railway wagon building business. A management buy-out followed in 1984, only for the company to close in 2002. Bought by new owners, they incorporated it in 2002. However in early 2014 it ran into financial difficulties after it lost a contract worth 70 per cent of its turnover.
After this, the company struggled to find enough work for its 16 employees, which included three directors. Even dropping its price failed to bring in new business and the company was further hit by foreign competition.
After it went into liquidation the receivers did a very good job managing to pay creditors 60p in the pound. Since then the works have been left abandoned, though Im unsure what the current state of play is here.
Explored this one with @HughieD which is handy as it means I can steal all his history again (like a cheeky version of LPFF) seems like only yesterday but cant believe it was so long ago & another Iv neglected to post.
Thanks For Looking
The company dates back to just after the second world war when the iron founding operation specialised in making cast iron pipes for the water industry. In 1950 the foundry was acquired by new owners with the aim of supply castings to their railway wagon building business. A management buy-out followed in 1984, only for the company to close in 2002. Bought by new owners, they incorporated it in 2002. However in early 2014 it ran into financial difficulties after it lost a contract worth 70 per cent of its turnover.
After this, the company struggled to find enough work for its 16 employees, which included three directors. Even dropping its price failed to bring in new business and the company was further hit by foreign competition.
After it went into liquidation the receivers did a very good job managing to pay creditors 60p in the pound. Since then the works have been left abandoned, though Im unsure what the current state of play is here.
Explored this one with @HughieD which is handy as it means I can steal all his history again (like a cheeky version of LPFF) seems like only yesterday but cant believe it was so long ago & another Iv neglected to post.
Thanks For Looking
