EMS Provider GSPK Electronics, based in based in Knaresborough, North Yorkshire, the UK, goes into administration

EMS Provider GSPK Electronics, based in based in Knaresborough, North Yorkshire, the UK, goes into administration

KPMG has been appointed administrator.

So far, only 11 people have been made redundant at the plant. KPMG said it still is too early to say if there would be any further job losses among the remaining 104 staff at GSPK Electronics. GSPK Electronics has been particularly active in the fields of television, telecommunications and automotive. The business has been hit by a significant overseas bad debt and does not have sufficient funding to continue trading outside of insolvency, local media reported. The administrator is now trying to find a buyer of the operations.

A number of companies operate under the GSPK title, but only GSPK Electronics has been placed in administration.