THE BOSS of collapsed scaffolding firm Bow has defended his decision to head up a new company, which has picked up nearly £3.5 million-worth of work from the stricken firm.
Michael Bowkett is now managing director of Scaffserve, which is dealing with receiver PricewaterhouseCoopers over a series of contracts run by Bow's southern operations.
Scaffserve has taken on a series of deals from Bow Southern and Mr Bowkett told Construction News: 'I've been in the business for 25 years and it's the only thing I know. If I walked away, every single person would be out of work. Scaffserve gives us the ability to pay something back in the pound. Something is better than zero.'
Scaffserve employs around 60 staff based at Bow's former offices in Stratford, east London, and Cambridge.A further 160 scaffolders have also been retained.
He added: 'I need the support of suppliers but I accept that they have been affected.'
The Scottish arm of Bow has been bought by its management led by former Bow director Robert Aitken and renamed RDA Scaffolding. Around 130 jobs have been saved.
Bow's north-east arm, based in Peterlee, County Durham, is finishing off its contracts before being shut later this year.