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China Factory, Team Valley

Volume 529: debated on Tuesday 1 June 1954

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asked the Financial Secretary to the Treasury what offers have been made to Her Majesty's Government to take over the Durham china factory on the Team Valley Trading Estate; and on what grounds the offers have been turned down.

As a result of strenuous efforts by the Receiver to find a purchaser of the undertaking as a going concern, a number of firms inspected the factory, and of these two made several offers. On two occasions the offer made was accepted, but the offeror found himself unable to complete the transaction.The Treasury, in consultation with the other interested parties, have gone to considerable lengths to try to avoid closing down the undertaking, but I regret that no acceptable alternative could be found. Further efforts are being made to find a new tenant for the factory.