Three more contractors have become part of a surge in insolvencies in part brought on by the freeze on construction work caused by December’s snow.
Clark Construction, North Norfolk Construction and Watkinson Lifting & Transportation are among the latest firms to close their doors in recent weeks.
North Lincolnshire based Clark Construction has collapsed with the loss of 60 jobs. The company specialised in a mixture of public and private sector work and has been trading since 1979.
John Russell and Christopher White, partners at The P&A Partnership, Sheffield, who were appointed administrators, confirmed that the business had ceased trading and that all employees have been made redundant.
John Russell said: “Unfortunately, the company suffered from the downturn in the construction sector and the bad weather before Christmas compounded the company’s financial difficulties.
“We have been on site assisting staff with claim forms for redundancy payments and other entitlements.”
John Russell warned businesses against leaving it too late to call in expert help: “The earlier you can bring in an expert to provide an external, independent opinion, the better chance of either re-financing or turning around the business.”
Norwich-based North Norfolk Construction has appointed Nick Morgan and James Kaye of Cooper Williamson to manage its insolvency.
Cooper Williamson senior manager Robert Wilkinson said the company was appointed on 11 January and had managed to avoid making redundancies. “A pre-pack sale has been arranged which will protect any employees so nobody will be made redundant. The purchaser is a connected party by common director.”
The company offered building maintenance and management services to property developers across Norfolk.
And West Yorkshire based rigging contractor Watkinson Lifting & Transport filed for administration after more than 90-years of trading. Rob Sadler and Andrew Mackenzie from Begbies Leeds office have been appointed joint adminstratiors, Begbies case administrator Joseph Battye confirmed.
The company specialised in moving and installing heavy machinery.