Sheffield & South Yorkshire

Engineering firm MTL Group in administration

Interior of factory
Image caption Over half the workforce at MTL Group Limited have been made redundant

More than 150 people have lost their jobs after a Rotherham engineering firm went into administration.

MTL Group Limited got into financial difficulties after it made losses on a large overseas defence contract, according to the firm's joint administrator John Sumpton.

Mr Sumpton said 157 employees had been made redundant with a further 146 kept on while a buyer is sought.

The firm makes metal products for the military and construction sectors.

Mr Sumpton, from Ernst & Young, said the company was continuing to supply certain customers.

"Although the company was historically profitable, it has encountered difficulties on a large overseas defence contract which resulted in losses and cash flow problems" said Mr Sumpton.

"Despite best efforts to secure new investment or a sale of the company, the immediate cash flow pressures left MTL Group unable to meet its creditor obligations and the directors took steps to appoint administrators."

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