Jobs saved at West Midlands steel business after administrators secure its sale
All 16 jobs at West Midlands-based Benbow Steels Ltd have been saved following the company's sale to Nautilus Designs Ltd.
All jobs at a West Midlands steel business have been saved with its sale out of administration, according to Insider Media.
Mike Dillon and Andrew Knowles of Leonard Curtis were appointed administrators of Benbow Steels Ltd on 4 February 2025.
Benbow Steels is a specialist supplier of colour-coated steel products based in West Bromwich.
After a short period of marketing, which generated 18 expressions of interest, the administrators, in collaboration with the shareholders, sold the business and its assets as a going concern to an unconnected party, Nautilus Designs Ltd.
All 16 jobs have been preserved with the employees transferred to the purchaser under TUPE regulations.
Nautilus Designs is a family-run business which includes a group of companies specialising in office furniture, hardware, shelving and displays with established relationships with global brands.
Chief executive Dr Tinkle Jain said: "We are excited to bring Benbow Steels into our group and expand our product and service offerings."