Liquidators have been appointed to a North Wales business that has ceased trading.
Woollacott Gears Ltd was a century-old enterprise located at Llay Hall Industrial Estate in Wrexham.
The company focused on manufacturing precision gears and engineering components, with customers including BAE and other prominent industrial corporations.
However, Leonard Curtis have now been named as liquidators, reports .
A statement of affairs reveals that Woollacott Gears' assets are anticipated to generate just over £70,000, though the company faces debts and liabilities exceeding £350K.
Landwood Group is currently managing the disposal of Woollacott's plant and machinery. More than 450 lots of precision engineering equipment are available following the closure.
Jeff Wignall, director at Landwood Group, said: "It's always sad when a business like Woollacott Gears closes, especially one that's been part of Wrexham's history for more than 100 years. It was a well-respected local firm and it's important the sale reflects that. We're handling it with the care and precision it deserves.
"The auction offers a rare chance to get hold of specialist gear cutting machinery and associated equipment at a fraction of the usual cost. With more than 450 lots available, there's something for every business, whether you're upgrading, expanding or entering the gear manufacturing space for the first time.
"Our auctions always attract strong interest and with quality equipment like this in short supply, we're expecting some competitive bidding. It's not one to miss."
