Guy Mander and Dilip Dattani of Baker Tilly have been appointed joint administrators to West Midlands based Incanite Foundries Ltd, which has collapsed with the loss of 90 jobs.

The company, which was founded in 1920, employed just over 100 staff and traded from premises in Smethwick. It operated aluminium and iron foundries, supplying castings and project development solutions to a number of global manufacturing and engineering customers for use in a variety of industry sectors.

Incanite's traditional focus was solely on the iron foundry business, but following the acquisition of the company in early 2012 significant investment was made including the expansion into the aluminium castings market.

Turnover at the company fell during the latter part of 2013, following the loss of a number of customers and this led to serious cash flow issues. As a result, the company ceased to trade at the end of 2013, and around 90 of the employees were laid off during January 2014.

Guy Mander, restructuring and recovery partner at Baker Tilly, and one of the joint administrators said: 'Major investment was made to grow the business, however the loss of customers and associated cashflow implications meant that administration was necessary in order to protect assets for the benefit of creditors.'