Sat, 18 Nov 2017 | ADMINISTRATION
One of Oxfordshire's oldest building firms has gone into administration at the cost of more than 80 jobs.
Knowles and Son has a history stretching back to 1604 and has worked on a number of key projects in the town since 1797.
John Lee, of Wallingford-based Lee & Freeman painters and decorators, said his firm was owed about £15,000 after working with Knowles for the past two decades.
He added: “Knowles had been struggling to pay us for about a year.
“They did owe us more about £70,000 but we managed to get some of the money - there is still about £15,000 owing and I don’t know if we will get any of it.
“I think there will be bigger sub-contractors out there who will be owed more than us.”
A number of other contractors have revealed similar issues with the company who it's thought had been suffering from cash flow problems for a little while.
Throughout its illustrious history, the company has worked on some of the county’s most iconic building projects, including the Radcliffe Camera and Blenheim Palace. Their sudden administration has come as a shock to many and been a disappointment for the local community who have been familiar with the firm for decades.
This practice, which was established in 1955, is available for sale due to the impending retirement of the partners. Requirements: One of the partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers...
FREEHOLD
This practice, which was established in 2008, is available for sale due to the impending retirement of the partners. Offers invited.
LEASEHOLD
This practice, which was established in 1985, is available for sale due to the impending retirement of the partners. Offers invited.
LEASEHOLD
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