Following the announcement that Petroplus Teesside Limited has gone into administration, Stockton North MP Alex Cunningham, in whose constituency the storage business is based, said:
“It is a tremendous blow to a once thriving Teesside based business to find itself in administration and it is essential that everyone including the administrators PwC, the local authority and other organisations work together to find a buyer and secure the long term future of the business and its 60 employees.
“I await a call back from Mr Steve Pearson, one of the joint PwC administrators, but welcome his statement that his immediate priority is to ensure the business can continue to operate. I have also alerted Stockton Borough Council to the announcement and a team is already looking into the matter.”
