At least sixty jobs are said to be lost after the business went into administration
Deeside MP Mark Tami said he’s ready to step in to try and help the employees of defunct MGA Staveley Head which went into administration yesterday.
The business is based in Deeside, north Wales, the constituency that Tami represents for the Labour Party.
Staveley and its associated businesses employ 85 people at its office in Connah’s Quay, of which 61 are said to be losing their jobs, the company’s administrator Duff & Phelps told Insurance Times yesterday.
In a statement, Tami said: ”I understand that a redundancy consultation had begun prior to the company entering administration after an underwriting contract was cancelled so this was not a bolt from the blue, but it has come at a very bad time for employees.
”I trust the administrators will be working to stabilise the business and retain as many jobs as possible. In the meantime, my office stands ready to help in any way we can.”
“It’s concerning that a valued local business has been placed into administration and that a number of jobs have been lost.”
Staveley struggled to recover after losing business with its main insurers Gefion and Qudos.
“The suggestion that dividends amounting to significant sums may have been paid by Staveley Head shortly prior to entering administration is concerning. I have contacted the company and will be asking further questions about these payments. Whenever a company enters administration it is my view that shareholders have a clear moral responsibility to ensure wherever humanly possible that their staff are not left high and dry.”
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