Telford manufacturer's administrators confirm 98 redundancies as buyer fails to emerge

Administrators have confirmed that 98 employees have been made redundant at a Telford manufacturing firm after efforts to secure a buyer for the struggling business proved unsuccessful.

Operations relating to off-highway wheel manufacturer Moveero Limited at its Hadley Castle site have now ceased following an extensive but ultimately unsuccessful search for a purchaser.

Ryan Grant, Managing Director at Interpath and Joint Administrator, said: "The team at Moveero and Autostructures have been nothing short of exceptional.

"It is with deep regret that a solution to keep the UK businesses trading couldn't be found.

"As a priority, our specialist team will be providing support to all those who have been impacted by redundancy through this difficult time."

The closure marks another significant chapter in the area's manufacturing history. The business traces its roots in Telford back to 1908 and has longstanding links to Joseph Sankey & Sons, the engineering company that played a crucial role in producing components for Spitfire aircraft during the Second World War.

The company became GKN Sankey in 1968 and, at its peak, employed thousands of people in the region.

Formerly part of engineering giant GKN, Moveero was acquired by German private equity firm Aurelius in 2020 before being rebranded the following year. The company specialised in manufacturing wheels, rims and hubs for off-highway vehicles used in sectors including agriculture and construction.

Ryan Grant, Chris Pole and Sam Birchall were appointed Joint Administrators of Sankey Holding Limited, Moveero Limited and Autostructures UK Limited on 26 March 2026.

The UK operations, which employed around 250 people at the Telford site, had faced mounting challenges in recent years, including a weakened off-highway market, sustained pricing pressures and increased competition.

Administrators said financial support from customers had provided a crucial lifeline, allowing the businesses to continue trading while options for a sale were explored.

However, they concluded that a sale as a going concern was no longer viable because of the significant investment required to return the UK operations to a sustainable financial position.

In a statement, the Joint Administrators said: "Consequently, operations related to Moveero Limited have now ceased.

"As such, and with regret, 98 members of staff based at the company's facility in Telford have been made redundant.

"A number of staff have been retained by the Joint Administrators to assist with an orderly wind-down of operations."

Operations at Autostructures UK Limited are continuing, with a number of employees remaining in place while that business continues to trade.

The administrators also confirmed that the wider Moveero Group continues to operate profitably and that the UK insolvencies do not affect the company's operations in the United States or Denmark.