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Blacklist subscriber goes into administration

Mechanical and electrical contractor SIAS Building Services has gone into administration resulting in the loss of 136 jobs.

The Keighley-based firm was one of 14 firms recently served with an enforcement notice by the Information Commissioner’s Office for subscribing to a blacklist of construction workers.

Adrian Berry, Ian Brown and Neil Matthews of Deloitte have been appointed joint administrators of SIAS Building Services and non-trading holding company SIAS Holdings.

Mr Matthews said that the firm had received several winding up orders and directors had no choice but to place the companies into administration.

He said: “SIAS experienced rapid growth recently and incurred losses from a number of contract problems which, combined with a high level of overheads, has impacted on cash flow and has caused breaches in its banking facilities. 

“It is the joint administrators’ intentions to secure a buyer for the £4 million turnover maintenance business which currently has approximately 30 employees. 

He added that discussions are taking place with clients and main contractors over assigning or novating outstanding contracts.

Before it ceased trading the firm had a turnover of £35 million and employed 178 staff across six locations.