Hampson Industries, the defence and aeronautics firm, has put the 'for sale' sign up as it wallows in debts that are nearly five times its market capitalisation.
Hamspson owes £54.9m but that is not its only problem; delays in its largest tooling order will mean some deliveries will move from 2012 to 2013. The company says it is "assessing the overall effect on revenue and profit in the light of on-going discussions with the customer".
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