Wed, 16 Jan 2013 | ADMINISTRATION
A cement supplier has been placed in administration after struggling to maintain its cash flow.
Dudmans is an independent aggregates, ready mix and cement supplier based in Sussex. It was born out of a haulage business more than 20 years ago and now also operates a number of different sites, including several aggregate and concrete outlets in Sussex and Hampshire and a hard rock quarry in Cornwall.
Its efforts to expand its cement importing business had provided healthy returns, with turnover reaching over £30 million in the past few years. However, the extended downturn in the construction industry has seen the company run into difficulties, reports from the Construction Enquirer confirmed.
James Stares, joint administrator from Grant Thornton, told the news source: “The construction industry continues to be affected by the tough economic climate and this has been the case with the Dudman Group, which entered administration after cash flow pressures led to financial difficulty.
“We are currently reviewing the business and identifying what the best option is. We would not be able to speculate as to whether or not there will be redundancies until that review is complete”
This established company offers a unique opportunity for growth with its strong local reputation and secured contracts with local authorities. It operates nationwide, serving diverse sectors including education, food, and motor, and benefits from a h...
This well-established company is a market-leading designer and manufacturer of gauges and reamers, renowned for delivering effective solutions across various complex projects internationally. With exports making up 70% of its turnover and backed by a...
This company offers a unique opportunity in the logistics sector with its specialised two-person, white-glove delivery service, boasting a well-established reputation among retailers. With over 70% of sales driven by organic recommendations and 94% f...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.