Lincolnshire event equipment hire company Events Gear has been placed in administration after its hopes of securing fresh investment were dashed.
Steven Wiseglass, a director at Manchester-based Inquesta Corporate Recovery & Insolvency, has been appointed as administrator of Events Gear, which traded from premises in Grantham.
All seven employees have been made redundant and the business, which was set up in 2021, has ceased trading.
The company provided equipment, technicians and production crews for a range of events, including firework displays, conferences, corporate and community occasions, theatre productions, live concerts, exhibitions and weddings.
It supplied audio and lighting equipment as well as screens, stands, stages, special effects, generators, marquees, tipis, fencing and safety barriers, projectors and TV sets. Customers included venues, sports grounds, theatres, universities, companies and local authorities.
A sale of Events Gear’s equipment and stock is taking place through an online auction.
Wiseglass said: “I understand attempts by Events Gear to secure further investment to safeguard the business were sadly unsuccessful and, as a result, it could not continue operating.
“It’s sad to see redundancies at any time, but especially so close to Christmas. We have instructed JPS Chartered Surveyors to conduct an auction of all the equipment and stock and hopefully provide a good return to creditors.”
