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.
Fantastic growing embroidery and clothing printers company. This is a relocatable business opportunity. Extensive list of fixtures and fittings. Offers invited.
RELOCATABLE
Upmarket restaurant and play centre based in Manchester. Affluent trading area. Beautifully presented throughout. Management team in place. Newly equipped in 2018. Offers invited.
Popular restaurant located in Media City, Manchester. Located close to BBC offices. Good public transport links. Offers invited.
|
16
|
|
Jul
|
Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE
A supply chain management company operating in the aviation ...
|
15
|
|
Jul
|
Specialist engineering firm forced to appoint administrators | ADMINISTRATION
Rail contracting company Aspin Group Limited has been forced...
|
12
|
|
Jul
|
Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE
Blancco Technology Group, which provides a range of mobile d...
Sign up to receive our acquisition alert emails to get your FREE guide
|
16
|
|
Jul
|
Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE
A supply chain management company operating in the aviation ...
|
15
|
|
Jul
|
Specialist engineering firm forced to appoint administrators | ADMINISTRATION
Rail contracting company Aspin Group Limited has been forced...
|
12
|
|
Jul
|
Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE
Blancco Technology Group, which provides a range of mobile d...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources