Bristol

Staff made redundant at Bristol firm Braby

Administrators at Bristol manufacturing firm Braby have confirmed 27 of its 53 staff have been made redundant.

The business, based at Ashton Gate, makes silos and tanks for food and pharmaceuticals firms.

Administrators Grant Thornton said Braby had got into problems because other firms had not been spending as much on large items.

The company was founded in 1839 by Frederick Braby at the same site it currently operates from.

Nigel Morrison, from Grant Thornton, said a rescue package for the company had recently failed but added they would continue to trade while a buyer was found.

"The directors had for some time been in discussions with a large European group which it was hoped would provide strategic finance into Braby Limited and secure its future.

"Unfortunately, these discussions came to an end last week and as the business was unable to meet its financial commitments, the directors made the difficult decision to appoint administrators.

"Nonetheless we hope to be able to keep the business trading in the short term, enabling us to maintain goodwill and eventually to sell it as a going concern."

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