A Liverpool engineering firm has shed its entire workforce after entering administration.
HE Simm & Son Limited operated in the city for over 70 years with a staff base of 128 employees and its operations at Spinnaker House in Sefton Street.
But despite generating £110 million in revenue for the financial year ending December 2024, the family-owned business has now called in administrators.
All of the company’s current workers have been made redundant in what CEO Gareth Simm described as the ‘harsh reality of the construction industry’.
He said: “As shareholders, and a family, we have fought very hard, and invested heavily over the last two years in an attempt to avoid today’s outcome.
“But in the end the harsh reality of the construction industry, the tight margins we operate at and the pressures as described, left us with no choice but to appoint administrators.
“The administrators will now take full control of the business to ensure the best possible outcome for our creditors.
“We would like to take this opportunity to heartfeltly thank our dedicated colleagues for their unwavering commitment to HE Simm over the years.
“It might sound cliche but genuinely, our family was bigger than the Simm family. To say that it will be missed is an understatement.
“We would also like to thank our valued customers and suppliers for their ongoing patience and support, many of whom did everything they could to help us avoid the position we now find ourselves in, for which we will always be eternally grateful.”