Staff made redundant as signage manufacturer goes into administration

An Ebbw Vale-based signage manufacturer was forced to lay off its 38 members of staff as it entered administration, a recent news report in the local media has been able to reveal.

Monwel Ltd was set up as a social enterprise in 2013 to provide employment for disabled people. However, high employment costs, reduced sales and a deficit in the region of £400,000 pushed the company into financial difficulty. It ceased trading on 30 July 2015 and formally entered liquidation on 20 August 2015.

Debts are owed to a variety of organisations and individuals, including trade creditors, employees, HM Revenue & Customs and Blaenau Gwent County Borough Council. Assets belonging to the business will now go up for sale with a view to providing a return to creditors.

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