Four former Relectronic-Remech managers have established their own disaster restoration company, called Electromec.
The company has ten staff and three divisions specialising in mechanical and electronic engineering and structural cleaning. It also offers a consultancy service.
Director Shaun Doherty said the company was in contractual talks with a number of insurers. He added that the business was expanding rapidly and was planning to move from its base in the Lancashire town of Barnoldswick to larger premises.
Doherty's fellow directors are David Capper, Martin Copping and Steve Mitchell, who were former project managers at Relectronic-Remech.
They are among more than 20 Relectronic-Remech staff who have left the company since it merged with Belfor UK on January 1, 2001.
Meanwhile, the newly renamed Belfor-Relectronic has said it has recruited 14 new employees since the merger and job adverts had elicited a response from several loss adjusters.
Director Neal Courtney shrugged off the potential threat posed by the new competitor.
“We doubt it will have much effect on our business,” he said.