Jobs saved as Lincoln power plant provider sold out of administration

A number of jobs have been saved as Lincoln power plant provider Greenray Energy Solutions has been sold out of administration.

Some 76 jobs have been saved as Greenray Energy Solutions, which is headquarted in North Hykeham, has been sold to Greenray Turbine Solutions, which has common directors.

The company, based at Teal Park, also has offices in Leicester and Aberdeen.

It will continue to supply power plant equipment across the country.

Dan Hurd and Colin Dempster from the EY Restructuring Team have been appointed as administrators to Greenray Energy.