Pneuride enters administration with about 55 job losses; Interpath appointed

Founded in July 2007, the company had endured a prolonged period of soft trading, with mounting pressure on cash flow and margins. Directors explored a solvent solution, including marketing the business for sale, but no viable offers or investment emerged.

Most employees have been made redundant, with a small number kept on to assist the wind down. Interpath is inviting interested buyers of the business and assets to make contact promptly.