A MODULAR building manufacturers in Stroud has closed with the loss of all 125 jobs.
The firm Lightspeed took over from former makers of student and key worker accommodation pods Unite only about three months ago.
Workers at the factory on the Stroudwater Business Park off Oldends Lane in Stonehouse were told the grim news on Monday. (oct 8)
Administrators said Lightspeed had run out of cash, ceased trading and sent the workforce home.
Priority now was, however, to secure a new purchaser for the business and assets, administrators said.
The firm Lightspeed took over from former makers of student and key worker accommodation pods Unite only about three months ago.
Workers at the factory on the Stroudwater Business Park off Oldends Lane in Stonehouse were told the grim news on Monday. (oct 8)
Administrators said Lightspeed had run out of cash, ceased trading and sent the workforce home.
Priority now was, however, to secure a new purchaser for the business and assets, administrators said.