Flowline was placed in the hands of administrator pwc last Friday when it was also renamed as F (Realisations) 2023 Limited.

Pwc said: “Immediately following their appointment, the joint administrators successfully completed the sale of predominantly all of the Company’s business and assets, to FM Conway Limited.

“The sale has secured the ongoing employment of all of the Company’s c.164 employees who have transferred to the new business as part of the sale and the Company will continue to trade and operate as normal.”

A notice on the Flowline website states: “At 2.57am on 5th May 2023 FM Conway acquired the trading assets of Flowline Ltd, thus enabling the business operations to continue as a division of the FM Conway Group.

“We would like to reassure you that day-to-day business operations are continuing as normal as we continue to deliver the high level of service that Flowline is renowned for.”