Become a customer

UK’s only copper alloy-maker Thomas Bolton enters administration after cash crunch

Thomas Bolton, the UK’s only copper alloy maker, has been placed in administration in preparation for sale as a going concern.

March 26, 2014
By Generic people page
Base metals Copper

Thomas Bolton, the UK’s only copper alloy maker, has been placed in administration in preparation for sale as a going concern.

The Stoke on Trent-based company has been trading for over 200 years and is a leading supplier of copper products including copper bars, rods, and sections.

As a result of unresolved “short term cash flow difficulties”, the company was placed in administration in preparation for a potential sale on Monday March 24, the administrator Zolfo Cooper said.

“We believe the company is an attractive proposition to a range of potential buyers given its expertise and excellent product range. We welcome expressions of interest from third parties to acquire the business as a going concern,” Graham Wild, one of the joint administrators and a partner at Zolfo Cooper, said on Wednesday March 26.

Mark Burton 
mburton@metalbulletin.com
Twitter: @mburtonmb

What to read next
Global spot copper markets mixed; China ticks up, US tight, Europe quiet
Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays
July 25, 2024
 · 
By Albert MacKenzie
Adult, Female, Person
Freeport-McMoRan’s Kathleen Quirk says copper scarcity means companies are buying rather than building new supply
In the fourth episode of Fastmarkets critical minerals podcast Fast Forward, Freeport-McMoRan CEO and president Kathleen Quirk tells host Andrea Hotter why there's a preference to build and not build new supplies of copper right now
July 25, 2024
Steel, Aluminium, Blade
Demand for aluminium in green transition supporting otherwise challenging downstream markets: Norsk Hydro CEO
Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23
July 24, 2024
 · 
By Imogen Dudman
ACG’s Gediktepe deal first step in creating mid-tier copper producer | Hotter Commodities
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
July 24, 2024
 · 
By Andrea Hotter
Metalworking, Person, Machine
Speculative interests in copper driving base metals narratives, says Sucden Financial
Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.
July 23, 2024
 · 
By Natasha Porter
CMOC cobalt production soars by 178% in H1 2024, straining an already oversupplied market
Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12
July 18, 2024
 · 
By Alexander Cook