A manufacturing company in the aerospace industry, based at Cropmead Trading Estate in Crewkerne, has called in the administrators. Tods Aerospace which supplies the aerospace and defence industry, Airbus and BAE systems, has gone into administration following a continuous period of cash-flow issues, a reduction in orders and widespread challenges in the aerospace sector. Andrew Sheridan and Geoff Rowley of FRP Advisory, have been appointed as joint administrators.
Tods Aerospace is continuing to trade while the administrators market its assets. FRP Advisory are working with the management team to maintain trading and operations as usual, while a buyer is being sought. They are also working with the Redundancy Payment Service to support all the employees that are affected. Andrew Sheridan of FRP Advisory said: “Tods Aerospace is part of the complex supply chain supporting international aviation and its challenges reflect the mounting pressures facing many manufacturers in the industry.”