JRM Advanced Engineering, a UK engineering firm that worked with Jaguar Land Rover, Subaru and Nissan, has entered administration. The Northamptonshire-based company appointed Gary Pettit of PBC Business Recovery and Insolvency on 12 February to oversee the process.
The firm, which specialises in high-performance chassis development and innovative suspension solutions, is now seeking a buyer. Operations have been paused while the administrator reviews the company’s financial position and potential recovery routes.
Several parties have already expressed interest in acquiring the business. The administrator aims to secure a sale that would allow trading to restart and help protect jobs, subject to due diligence and agreement on commercial terms.
JRM Advanced Engineering operates across the motorsport, aerospace and marine industries. It has worked as a Tier 1 supplier with premium brands including Jaguar Land Rover, Arctic Trucks, Subaru and Nissan Nismo. The company also builds advanced powertrains, including hydrogen fuel cell technology, and contributed to the development of Caterham’s Project V electric vehicle.
It is not yet clear whether the administration will affect staff members or result in redundancies.
