Milbank Roofs buys Milbank Floors from administrators

Milbank Roofs has announced that it has bought the business and assets of Milbank Floors, which went into administration last month.

The new owner said that the move meant 150 jobs would be saved, however 64 posts would be made redundant.

Milbank Floors had already restructured in the summer when it made 99 people redundant in a battle to save the business. However it went into administration on 31 October.

The new company will trade as 'Milbank' and continue to provide precast concrete floors to builders and developers in the South East from its base in Earls Colne, near Colchester.