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Crane firm bust with £1m debt

NEWS

A CRANE hire firm that worked on the redevelopment of the home of Manchester United has gone into administration.

Quigley United Kingdom Ltd worked at Old Trafford last summer on the deal to raise capacity at the ground from 67,000 to 75,000.

But two weeks ago the firm appointed Bolton company Unity as administrator after racking up debts of £1 million.

Two offices at Iver in Buckinghamshire and Wednes bury, near Birmingham, have been shut with the loss of 20 jobs.

Chief executive Shaun Quigley blamed poor sales in the London region for the firm's demise. He said: 'There was a surplus of crane hire.' The firm has since renamed itself Quigley UK Lifting Services Ltd and will operate out of existing offices at Warrington and Runcorn in Cheshire.

Mr Quigley said he was not turning his back on creditors and added: 'We were let down by the bank on a loan that had been agreed.

'Hopefully, all our creditors will be paid.' The new company employs around 20 people and will have a turnover close to £4 million.