Humberside lab seeks buyer after job losses

A buyer is being sought for Humberside Optical which went into administration last week after the loss of a big customer.

Joint administrators Andrew MacKenzie and Bob Maxwell of Begbies Traynor said they had high hopes of finding a buyer and the company would continue trading.

Poor trading conditions had left the firm with unserviceable levels of debt which led to half of the firm's 40-strong workforce being made redundant.

A statement said the loss of a 'significant' customer had led to the redundancies and the appointment of the administrator. Twenty of the company's 40 employees were immediately made redundant in order to align the cost base with the current level of turnover.