Rail plant giant TXM files administration notice

Staff at the Wigan based business are now looking for new jobs following the news.

Latest accounts for TXM show the company had a turnover of GBP38.9m for the year to April 29 2022 generating a pre-tax loss of GBP2.1m while employing 276 staff.

The firm was the subject of a management buyout in 2016 and was originally known as NDS Plant, which was part of Network Rail, and prior to that Hydrex.

TXM has seven depots nationwide and is is the largest supplier of road/rail vehicles in the UK.