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17Sep92 UK: £50,000 MANAGEMENT BUY-OUT SAVES STRUCTURAL STEELWORK CONTRACTOR GRAHAM WOOD.

Two months after it went into administrative receivership structural steelwork contractor Graham Wood is back in business, following a £50,000 management buy-out.Managing director Peter Funnell and three other directors have bought the old company's site and equipment at Lancing, West Sussex.Wood's original 75 employees were laid off by the receiver and six had been re-employed in the new company's first week.Mr Funnell said the original company had been trading profitably with ...

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