Administrators have confirmed the end of the wheel making company Moveero Limited

Administrators have confirmed 98 redundancies at a Telford manufacturer after a buyer could not be found for the struggling business.

Operations related to off highway wheel maker Moveero Limited at the giant Hadley Castle site have now ceased after a fruitless search for a buyer for the business.

Ryan Grant, managing director at Interpath and joint administrator, said: “The team at Moveero and Autostructures have been nothing short of exceptional.

"The endeavour to keep the business going and maintain outstanding product quality is testament to their professionalism and commitment to customers.

"It is with deep regret that a solution to keep the UK businesses trading couldn’t be found.

"As a priority, our specialist team will be providing support to all those who have been impacted by redundancy through this difficult time.”

The firm had a heritage in Telford going as far back as 1908 including a link to the name Joseph Sankey & Sons which played a vital role in manufacturing Spitfires during the Second World War.

Joseph Sankey & Sons officially became known as GKN Sankey in 1968. In its heyday the company employed thousands of workers .

Moveero, previously part of engineering giant GKN, was bought out by German private equity group Aurelius in 2020 and changed its name the following year.

It specialised in wheels, rims and hubs, used in off-highway industries such as agriculture and construction.

Ryan Grant, Chris Pole and Sam Birchall were appointed Joint Administrators of Sankey Holding Limited, Moveero Limited and Autostructures UK Limited on March 26, 2026.

The UK operations, which employed 250 staff at its facility in Telford, faced significant operational challenges in recent years due to a weakened off‑highway market, significant downward pricing pressure and strong competition from rival firms.

Financial support provided by customers gave the businesses a 'crucial lifeline' which enabled it to keep going and look for a solution.

But now administrators confirmed that a going concern sale was not possible due to the 'significant financial investment needed to turn around the financial position.

In a statement the administrators wrote: "Consequently, operations related to Moveero Limited have now ceased.

"As such, and with regret, 98 members of staff based at the company’s facility in Telford have been made redundant.

"A number of staff have been retained by the joint administrators to assist them with an orderly wind-down of operations."

Operations do however continue in relation to Autostructures UK Limited. A number of staff members also remain retained while these operations continue.

The administrators added that the wider Moveero group continues to operate profitably.

The UK insolvencies do not impact the rest of the group’s operations and businesses in the US and Denmark, they added.