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Wednesday, 19 January 2011

Dorin Construction in Administration

John W&S Dorin, which traded under the name Dorin Construction, along with four associated businesses, has gone into administration with the loss of nearly a 100 jobs.  The firm was founded in 1981 and was a major employer in the North East.  Last year the company had a turnover of £16m.

Following tight margins and the poor weather last month the directors of the group called in administrators at PricewaterhouseCoopers (PwC) on Monday.

Directors can appoint administrators directly.  For an explanation please take a look at our detailed pages on administration.

The company, had both public and private sector clients, specialising in care homes, rehabilitation centres, school and hospital refurbishments, social housing and commercial developments.

Only four staff remain at the firm, but the administrators have said that they are attempting to secure a buyer for some or all of the business.

We have expertise in the turning around of construction companies having saved one using a CVA.  Although administration can be the right solution as well.  For the details of this rescue and many more cases please view our case studies page

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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