John Reddington has bought a Nottingham precast concrete firm which collapsed 18 months ago while working on the Olympics.
The contractor is now working on plans to re-start manufacturing activities at Trent Concrete, which it says could lead to more than 300 new jobs.
It is set to resume specialist concrete manufacturing operations under the new name Trent Precast. Around 15-20 people are already back at work on the site.
The contractor’s expansion plans come three months after saboteurs lodged more than 20 fake notices to Companies House saying J Reddington was itself in administration.
Ronan Gleeson, JRL group’s finance director, said: “This is still at an early stage but we can confirm that expansion plans are under active consideration.”
The Trent Concrete factory was placed into administration 18 months ago after more than 80 years of trading. That was despite winning a prestigious contract to provide architectural precast concrete at major projects around the country, including Nottingham’s Centre for Contemporary Arts.
Administrators KPMG tried to keep part of the business running as a going concern after half the 150-strong workforce lost their jobs, but eventually the plant was completely closed.
It is believed that JRL, which has a range of subsidiaries including specialist piling and concrete pumping businesses, could develop the Colwick site into a two-shift specialist precast manufacturing facility.
“There are a range of options open and directors are reviewing the most appropriate way forward,” said Mr Gleeson.
“The JRL Group is successful and continues to look to build capacity to meet our clients needs. Obviously this facility allows us to expand capacity, but we need to work through all our options.”
Gedling MP Vernon Coaker visited the site last weekend and met a JRL team brought in to assess options for re-starting operations.