Monday, January 20, 2014

Favourite Supplier to Freight and Logistics Operators Goes to the Wall

Bolt Free Pallet Racking Company Folds After Forty Years
Shipping News Feature

UK – This year was to see RediRack, makers of pallet racking systems, celebrate 40 years of continuous UK manufacturing from its factory near Sheffield in the heart of the UK steel industry. The company’s products are a familiar feature seen throughout the country in suppliers and freight and logistics warehouses such as those of Kuehne + Nagel. Last week however the company, based in Mexborough, South Yorkshire closed its doors, at least for the time being, as it went into administration. RediRack was the only manufacturer of bolt free racking in the UK and claimed to be one of the largest manufacturers of racking products in Europe.

RediRack is part of the RediGroup but was at the heart of the operation and comprised the bulk of the business since 2012 when four other stand-alone operations, RediTechniX, RediFloor, RediBuild and RediFit, were grouped together under one name, all operating from the same addresses. That same year RediRack was one of eleven companies which benefitted from the Yorkshire and Humber Regional Growth Fund (RGF) grant, to develop its RediLogX aimed at providing customers with an automated system to control the throughput and storage of high value and perishable goods whilst saving on operating costs and improving their carbon footprint.

Staff at the factory have been on short time working for some weeks and now all 89 have been given notice after it appears that extra support funding was unavailable to the operation and responsibility for the administration of the company’s affairs handed to PwC whose contact details are david.j.baillie@uk.pwc.com telephone (028) 9041 5864. A statement issued by RediGroup Chairman, Phil Culling, said:

“Redirack Ltd was placed in Administration today Wednesday 15 January a very sad day for our customers, suppliers and from a personal view point the eighty nine people that were made redundant with immediate effect. Apologies to those we have let down and thanks for those who have supported us over the years. The work to re-build this great brand and emerge again has started so hopefully we will be back.”