By Laura Jones
BOSSES at a Flintshire-based food testing firm have moved to quash rumours that it is going into administration.
ALcontrol Laboratories on Hawarden Industrial Park has sent out letters to its 300 Flintshire employees, reassuring them the company is “OK”, following claims in the national press that administrators Zolfo Cooper had been lined up to move in.
Simon Gibbs, chief executive of ALcontrol, said the reports were “alarmist and untrue”.
He said: “We are a profitable company that is trading well and the forecast for the business is a positive one.
“We have hired Zolfo Cooper as corporate finance advisors, not as administrators.”
After a report was published this weekend, Mr Gibbs moved to reassure workers at the Hawarden-based laboratory that the company was “not in crisis".
“These stories scare people, but we want to reassure them that they have nothing to worry about,” he added.
“We have appointed corporate finance advisors for future planning and we are in negotiations with the banks – but we are still a stable and sound business.”
The company, which moved to Hawarden three years ago, tests soil, water, food, oil and air for contaminants or hazardous substances.
ALcontrol Laboratories has more than 2,000 employees in 30 laboratories and service centres, in 11 countries across Europe.
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