Almost 100 jobs saved as Derbyshire firm secured out of administration in major deal
A Derbyshire-based firm has been saved from administration, securing a major deal that preserves nearly 100 jobs.
Almost 100 jobs have been secured with the acquisition of an East Midlands-based precision engineering company out of administration by two entities backed by Baaj Capital, Insider Media reports.
Tim Bateson and Howard Smith from Interpath were appointed joint administrators to CBE Plus Ltd on 21 July 2025.
Based in Chesterfield, CBE Plus specialises in nickel plating, CNC machining, surface treatment and assembly services for the aerospace, defence, energy and automotive industries.
As a result of 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 decision to seek the appointment of administrators.
Immediately following their appointment, the business and assets of the company were sold. All 87 members of staff have transferred to the purchaser as part of the transaction.
Bateson 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 Ltd and which, importantly, safeguards the jobs of all employees."
The joint administrators were assisted by legal advisers at HCR Law led by Stuart Taylor.