Manufacturer fails after funding shortfall

A Coventry manufacturer which made products for a range of industries, including aerospace, defence, and automotive, has closed down with the loss of more than 30 jobs, Insider can reveal.

PowerKut Ltd was established in 2002 and called in administrators from RSM last week (4 May 2016) after failing to source further funding.

The business was family-run and specialised in tooling, gauging and machine components for the aerospace, marine, defence, nuclear, rail, construction, mining and automotive sectors.

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