DCSIMG

Company hoping to find new owners

A total of 27 jobs have been lost after a company went into administration due to a lack of work.

DMI (UK) Ltd, based on the West Chirton Industrial Estate, has told all staff that they are being made redundant after mounting losses meant the business could no longer go on.

Sunderland-based Baker Tilley has been appointed as administrators with bosses hopeful a new owner could be found, which could save some of the jobs.

DMI – which can trace its history back to the 1930s – re-chromed parts of the machines used by car manufacturers and BAE Systems.

Kevin Woodmansey, who was managing director until DMI went into administration, told the News Guardian: “We’re no longer trading at the moment.

“We’re hoping that maybe a potential buyer can be found, which would make it nice for some of the staff, but we don’t want to raise hopes.

“We feel for the people we had to let go. It’s not nice letting people go and it was not a decision taken lightly.

“Unfortunately the company was struggling with ongoing losses and the inevitable consequence was the company had to go into administration. Even with the deepest pockets we can’t keep the company going.

“There are other companies within the group which are unaffected and they are continuing to trade.”

Mr Woodmansey added that part of their car components business was moved to China.

“It was historically profitable when it was making components for car engines, but that was taken away five years ago and went to China,” he said.

“Some car companies didn’t manage to get as much work to us as we expected.”

 

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