A crosspost from uk.rec.models.engineering, but of interest I think:

On Sat, 06 Dec 2008 12:34:22 +0000, Peter Neill wrote:

Just spotted this in the local rag:
http://tinyurl.com/6hp39r

Olite Bearings Ltd, formerly part of the maganese Bronze Group went
into administration on Monday.
Like everything else, demand is low right now, and I suppose there is
probably too much competition from lower cost areas.

Peter