Tanfield, the electric vehicle and access platform business, has lost more than 12% of its value following increased losses.
The company's shares are 7p lower at 50.75p it reported a half year operating loss of £11m, up from a £9m loss in the second half of last year and a £10.3m operating profit this time last year. The company said sales continued to be hit by the global recession, especially in the powered access business.
Tanfield is also looking at the possibility of splitting the company into two separate businesses.
