Mon, 16 Jan 2017 | ADMINISTRATION
A Hull-based construction company has gone up for sale after falling into administration.
Hall Construction Group, which was established 130 years ago and built some of Hull’s best-known buildings, filed for administration last week, the Hull Daily Mail reports.
Administrators Begbies Traynor said Hall’s excellent reputation and significant client base meant they were hopeful a buyer will be found.
The firm, which employs around 65 people, made significant losses on two out-of-town design-and-build contracts in York and Doncaster. One of the projects resulted in a £2.9 million loss.
After meeting with staff managing director Martin Hall officially announced that the company had been placed into administration.
Joint administrator Julian Pitts said Begbies was considering all options to allow the business to continue to trade.
"It is extremely sad to see such a long-established Yorkshire-based business in difficulties," he told the Hull Daily Mail.
"However, with its strong reputation in commercial construction, together with a number of blue chip and public sector clients within Yorkshire and Lincolnshire, we are hopeful that Hall Construction represents an attractive proposition for the right buyer.
"We are currently marketing the business and our aim is to find a buyer for the business as a whole, or for parts of the business, in order to achieve the best return possible for creditors."
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