A Gloucestershire contractor has been placed into administration, threatening the jobs of 100.
Directors at JP Group from Tewkesbury called in administrators from Grant Thornton over the weekend, blaming a lack of investment in new projects from its retail clients.
A statement from the joint administrators, Nigel Morrison and James Stares said they would seek to sell the £11 million a year business as a going concern.
It said: “The business has suffered in recent years due to the reduced investment projects amongst its major customers such as BP, Shell, Tescoand Morrisons, as well as from the general downturn in commercial property investment.
“The joint administrators are currently looking at the viability of the company’s existing contracts with a view to maintaining a reduced workforce to complete ongoing projects, subject to successful negotiations with customers.”
The company had announced a series of contracts for Shell service stations as recently as this month.