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UK construction equipment dealer Warwick Ward collapses, ending 55-year run and leaving 89 jobs lost.
Warwick Ward (Machinery) Ltd, a UK construction equipment dealer with 55 years of operation, entered administration, leading to the redundancy of nearly all 89 employees.
The company, which supplied earthmoving and recycling machinery, cited financial strain from economic headwinds, a failed transition to an employee ownership trust, and a significant drop in revenue and profit.
Despite efforts to secure financing or a sale, administrators now oversee asset liquidation, with no immediate rescue plans.
The collapse highlights ongoing challenges in the industrial supply sector amid economic uncertainty.
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El distribuidor de equipos de construcción del Reino Unido, Warwick Ward, se derrumba, poniendo fin a una carrera de 55 años y dejando 89 empleos perdidos.