Published 7th Jan 2026, 00:00 GMT
Updated 7th Jan 2026, 12:16 GMT
Six redundancies have been made P&B Metal Components, with administrators currently working to safeguard the remaining 48 staff members.
Founded over 60 years ago, P&B manufactures high-quality metal components, notably working on electromechanical precious metal contacts for critical applications.
James Clark and James Lumb from Interpath were appointed joint administrators on Tuesday, 6 January.
The pair said they are currently undertaking work to preserve the business.
A statement from administrators said: “Following the appointment, the joint administrators will be looking to trade the business while they explore options with the aim of preserving the business as a going concern and safeguarding as many jobs as possible.
“In response to a reduced level of forecast turnover for the remainder of the Company’s financial year, six redundancies were made on appointment with the remaining 48 members of staff retained.”
The appointment follows a rephasing of orders from one of the firm’s major customers, which administrators said had placed “significant financial pressure” on the business.
In response, the directors had explored options to secure fresh investment; however, when a solvent solution could not be found, steps were taken to file for the appointment of administrators.
The company, which operates from freehold premises in Sheffield, also owns a standalone subsidiary in Malaysia, which supplies similar components to customers across South East Asia.
Administrators said they plan to market the Malaysian subsidiary as a standalone firm.
P&B’s products are exported to more than 30 countries and used in electrical assemblies across a range of sectors, including automotive, renewables, HVAC, aerospace, railways and industrial controls.
James Clark, managing director at Interpath and joint administrator, said: “P&B Metal Components has a long and proud heritage in the contact manufacturing sector and known for its high-quality precision engineered components.
“Our immediate priority is to support those employees who have been made redundant to claim statutory amounts owed to them and aim to maintain continuity for customers and the remaining employees while we seek a buyer who can secure the future of the business.
“We will also be marketing the company’s Malaysian subsidiary, which operates as a standalone manufacturing business serving customers across South East Asia.”