Garton MD on the way out


A YEAR after taking over as chairman of troubled Garton Engineering, Michael Hale appears to have sidelined managing director Tim Garton, whose father founded the group.

Hale said Garton 'is currently not undertaking any executive responsibilities' and that it is 'a fair bet that he will be leaving, after we have had further discussions'. Hale took over as chairman from Tim's father, Aubrey, who retired from the board aged 80.

The company today issued another warning, saying that profits for the year ended last December would be 'significantly worse than the previous year, which showed pre-tax losses of £1.2m after restructuring costs of £350,000'.