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.
E-commerce retailer of football equipment to schools football clubs & the general public. Key products include specialist training equipment footballs goals & other coaching materials.
Specialist utility services provider delivering contract services for telecommunications & fibre-optic networks. Works include the installation of ducts micro-ducts access chambers street cabinets & fibre optic cable installation for major blue-chip...
Provides bus & coach services on behalf of local authorities universities & private companies throughout the North East of England.
22
|
Jan
|
630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS
According to the most recent Red Flag Alert research from Be...
21
|
Jan
|
ProCook considering sale as it undertakes strategic review | BUSINESS NEWS
Kitchenware retailer ProCook is to undertake a strategic rev...
20
|
Jan
|
Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE
Modular space leasing business Modulaire Group has announced...
Sign up to receive our acquisition alert emails to get your FREE guide
22
|
Jan
|
630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS
According to the most recent Red Flag Alert research from Be...
21
|
Jan
|
ProCook considering sale as it undertakes strategic review | BUSINESS NEWS
Kitchenware retailer ProCook is to undertake a strategic rev...
20
|
Jan
|
Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE
Modular space leasing business Modulaire Group has announced...
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