Engineering set backs in the midlands.

Hampson industries have decided to put put themselves up for sale, in a move which comes as no surprise to this writer. The company has been struggling with  large debt burden for some time and the news that they will be delaying in delivering on their contract with Boeing, their single largest contract is a cause for some concern.

That Hampson retained substantial losses of nearly £30 million last year is no secret, but it seems that unlike in their previous poor year in 2009 the shareholders don't have the stomach for another struggle to return the business to profit.

the sale is likely to involve the break up of the companies holding with the components supplier BHW and the operations in India already having interest from prospective buyers.