A HORWICH airflow technology firm has gone into administration, with the loss of 70 jobs.

Mach-Aire Ltd, based in Bridge Street, has ceased trading with all employees made redundant after suffering "substantial losses" on certain contracts as well as cash flow problems.

Workers at the company were informed this morning that their employment had been terminated with immediate effect.

It is believed that weekly paid staff received payment yesterday for their work up until the end of last week, but monthly paid staff will not receive any payment after their last instalment in January.

​The business, which describes itself as a national leader in the design, engineering, installation and maintenance of controlled environment and airflow technology, has a turnover of £8 million and employs 70 full and part-time staff.

The Company, which recently announced a joint venture in China, has a client base spread across a number of sectors including pharmaceutical, education, healthcare, retail and manufacturing.

The redundancies were made after the appointment of Tom Maclennan and Ben Woolrych of FRP Advisory LLP as joint administrators.

The two men, who are partners in FRP Advisory LLP are now seeking a buyer for the business and its assets.Ben Woolrych said:“It goes without saying that we have huge sympathy for those employees who have regrettably been made redundant.

"As Joint Administrators our immediate focus will be to assist staff who have lost their jobs and provide them with the necessary support to submit timely claims to the Redundancy Payments Service.

"Mach-Aire is highly regarded for its expertise in the specialist field of controlled environment engineering. The Company has a strong track record and reputation for technical expertise, design innovation and service.

"The Administration presents an excellent opportunity for an entrepreneur or related business to acquire and develop the brand, we would urge interested parties to contact us as soon as possible.”