A Welsh contractor has gone into administration with the loss of 180 jobs.
Macob, which has 145 staff in Cardiff and the rest in Chichester, went into administration on 4 March.
The firm, Macob Property Holdings Limited, and related companies Macob Limited, Macob Southern Limited, Macob Civil Engineering Limited, Macob Administration Limited, Macob Developments Limited and Macob Training & Safety Services Limited, have ceased to trade and staff have been made redundant.
John Roberts, chairman of the group, said: “The prevailing trading conditions have made it impossible for the contracting companies to win work at viable rates.”
John Kelly, joint administrator from Begbies Traynor, said: “We’re still in the stages of making initial assessments but every effort will be made to ensure all assets are realised and that maximum recoveries are achieved for the creditors.”
Nigel Price, also of Begbies Traynor, is the other joint administrator.
The group started in 1981 and its clients included Antler, Ballantyne, Barratt, Bellway, Berkley, Bovis ,Charles Church, Crest, David McLean, Gleesons, McInerney, Miller, Persimmon, Redrow and Taylor Wimpey.