More workers have been made redundant at Panaloc, the Manchester-based off-site timber construction firm in administration.
Ten workers lost their jobs on Wednesday to add to the 80 made redundant when KPMG Restructuring was appointed as administrator in May.
A KPMG spokesperson said the business was continuing to trade on a limited basis and discussions were ongoing with a number of parties regarding a sale of the business and its assets.
Just 50 of the original 140 staff at Panaloc now remain.
“Since its inception in 2001, Panaloc has developed a highly innovative product that is unique in the market place – a market which recent research suggests is worth approximately £650m per year and growing at rates of between 25-50%,” joint administrator Paul Dumbell said in an earlier KPMG statement.
“The business is in a prime position to capitalise on this growth.”
Panaloc uses Kronoply OSB 4 panels laminated together to make wall, floor and roof sections, with doors, windows, cladding and other elements all done in the factory to create a highly prefabricated product.
One of its biggest jobs was a multi-million pound contract for the St Helens and Knowlsey Hospital NHS Trust with developers Taylor Wimpey and NG Bailey.
