Tuesday 22 July 2025
Tim Bateson and Howard Smith from Interpath were appointed joint administrators to CBE Plus Limited on 21 July 2025.
Based in Chesterfield, CBE Plus Limited specialises in nickel plating, CNC machining, surface treatment and assembly services for the aerospace, defence, energy and automotive industries.
Over the past few years, market conditions have been challenging which has impacted the Company’s profitability. As a result of these mounting pressures, the directors sought to undertake an exploration of their refinance, investment and sale options. However, when it became clear that a solvent solution could not be found, they took the difficult decision to seek the appointment of administrators.
Immediately following their appointment, the business and assets of the company were sold to two companies that are funded by Baaj Capital LLP. All 87 members of staff have transferred to the purchaser as part of the transaction.
Tim Bateson, director at Interpath and joint administrator, said: “These have been testing times for many businesses across the manufacturing sector as a result of high cost inflation and fragile business confidence. We are pleased to have secured this transaction which safeguards the future of CBE Plus Limited and which, importantly, safeguards the jobs of all employees.”
The joint administrators were assisted by legal advisors at HCR Law led by Stuart Taylor.
