Firm's future under weekly review

THE future of 400 employees at a troubled engineering firm is being decided week-by-week.

A review is being made every seven days at Automotive Precision Components, Morley Road, Tonbridge, which went into administration before Christmas.

The company specialises in supplying high-volume, precision-engineered automotive parts from its eight acre leasehold site.

Administrators Grant Thornton, from Birmingham, want to sell the firm as a going concern, so for the time being it is business as usual.

The company has been advertised in the Financial Times. It has "blue chip" customers in Europe, the USA and Britain, and an annual turnover of £19 million.

Negotiations are expected to take some time. So as long as performance meets weekly targets, Automotive Precision Components will continue trading.

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