Haffenden Mouldings calls in Receivers

Sandwich, Kent - Haffenden Mouldings has gone into receivership. The Kent, UK-based company specialises in custom compounds and making hot water bottles, swim caps, and bath and shower products. Prior to the receivers coming in, it employed 72 people. Receiver Paul Finnity said the plastics side of the company was closed a few days after he was brought in, on 2 May with the loss of about 30 jobs.

Finnity of Begbies Traynor corporate rescue and recovery specialists, and based in Nottingham, UK, said the company is currently making compounds and goods in the rubber side, mostly to sell off the stock.

He said three potential buyers so far have been to visit the company and he would like to sell the rubber business as a going concern. His colleague Richard Saville is joint administrator for Haffenden.

Haffenden claims to be the world's largest manufacturer of hot-water bottles, but Finnity said there has been strong competition from China, and the peak period for making these products is late summer, so orders are currently low and there is no manufacturing of these products.

In compounding, the company specialises in colour-matching and in silicone products. The company's mill room contains two 3D Banbury mixers with versatile blending/take-off machinery, and an open mill. For conversion Haffenden has two Barwell preformers and two cold-feed extruders.

The moulding shop comprises 65 compression presses (25 to 200 tonnes), and 10 injection moulding machines (180 to 450 tonnes). Most of the compression/transfer presses are single/double daylight, and all the injection machines are capable of taking stack tools.

Haffenden is based in a 7200-m² factory in Sandwich, Kent. The company moved there in 1988.

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Website of Haffenden Mouldings

Website of Begbies Traynor (Nottingham, UK)