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Quantuma has completed a pre-pack administration sale of Sheffield based specialist engineering firm Linbrooke Services Ltd.
The deal secures the future of the business and protects around 140 jobs.
Quantuma’s Richard Easterby and Chris Newell were appointed as joint administrators on 15 October 2024 to oversee the process.
The company entered administration as a result of a range of challenges being faced by the railway construction sector, including delayed projects, and factors affecting the economy as a whole.
Linbrooke Services was established in 2002 and comprised three primary divisions, the railway construction business which has been rescued, and power and optical businesses which will close as part of the deal. The business employed nearly 200 people. The deal sees around 140 staff transfer to the purchaser, Keltbray.
Joint administrator Easterby said: “I am delighted to have been able to achieve a sale of the Company’s rail operation, in very time-pressured circumstances, which secures the long term viability of the business and a substantial number of jobs.
“Unfortunately not all of the business could be rescued. For those members of staff whose roles were made redundant, the priority of my team and our advisors is to work with them to ensure that they have the information required to make timely claims from the redundancy payments office.
