Workforce management software can help companies going into administration

Workforce management software can help companies streamline the redundancy processes when going into administration, especially when said processes involve a fairly large number of people, as was the case with Teesside-based steel fabrication business SBV Engineering. 

The company was founded in December 2014 following the administration of SBV Fabrication and Site Services Ltd and supplies steel fabrication and associated services to the steel industry, as well as energy sectors including nuclear and oil and gas.

In October 2015, SBV Engineering suffered a significant drop in sales after its major customer, SSI UK, entered liquidation, which left the Teesside fabricator with substantial losses in relation to the account.

The business was able to continue to trade following SSI’s liquidation by raising additional finance and rescheduling its major creditors. However, it recently "became clear" that it could not continue to service its liabilities, particularly given the burden imposed by the amounts owing from the collapse of SSI.

As a result, Howard Smith and Jonny Marston from KPMG’s restructuring practice were appointed joint administrators on 24 October 2016.

Upon appointment, after being unable to find a buyer for SBV Engineering, all 38 members of staff were made redundant.

Smith, an associate partner at KPMG, said: "SBV Engineering has struggled to recover from the loss of a major trading partner and the wider, well-documented challenges facing the UK steel industry.

"We will now work to wind down the business, provide support for the employees and explore options to realise assets."

Any company undertaking a workforce and operations optimization process requires the right tools for this job and this is specifically where Time & Attendance – North East will be able to put its extensive experience to very good use.

Our systems are user-friendly, innovative and designed for the working environment. They also offer a wide array of features, such as support for contactless smart cards, as well as optional finger print biometrics and mobile phone SIM card support.

Moreover, the multi-user, networked, multi site Time and Attendance, Access Control, Fire Roll Call and security system includes European Working Time Directive checking and reporting and allows administrators to save up to 2000 employees, supports extensive shift management and payroll-related operations, the allocation of various pay bands, and much more.

If you want to find out more about the range of solutions provided by Time & Attendance North East, just contact our dedicated product team, they’ll be more than happy to answer all of your queries.