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Tuesday, 16 April 2013

J&H Construction latest construction firm to go into administration as sector shrinks

J & H Construction has gone into administration as the construction slowdown continues.  The firm, based in Leicestershire and founded in 2001, has appointed Mazars on the 5th April when it was decided that the business could no longer continue to trade.  As a result 50 full time and part time staff were made redundant.

Chandler said: "We are in the early stages of assessing the trading position but it appears the business owes just under £1m to creditors.

"The business has been another victim of the downturn in the construction sector and was unable to continue trading."

The business provided groundworks services for developers, including drainage, earthworks and civil engineering.
According to the (ONS) construction industry output fell by 7 per cent in February 2013 compared with February 2012.

If you want to see how we have helped construction businesses take a look at these case studies.

http://www.companyrescue.co.uk/case-studies/cva-case-studies/ksa-group-uses-a-company-voluntary-arrangement-cva-to-rescue-a-building-business-based-in-the-north-east

http://www.companyrescue.co.uk/case-studies/cva-case-studies/construction-company-successful-cva

1 comment :

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