Thu, 03 Mar 2011 | ADMINISTRATION
A demolition firm in Hull that has been operating for more than 30 years has entered administration after experiencing gradually decreasing workloads.
DJ Broady, which operates from its Foster Street base in the east of the city, informed their 39 staff of the news at the end of the week, immediately terminating all of their jobs.
Joint administrators Adrian Allen and Alec Pillmoor, from Baker Tilly Restructuring and Recovery LLP, have been appointed to manage the administration. They said that despite the ceasing of trading, they would be making strenuous efforts to find a buyer to step in and rescue the firm. The firm's sister company Robin Concrete is still trading.
"It is regrettable that these redundancies have had to be made and the business could not be saved," said Mr Pillmoor. "We are making every effort where we can to assist the workforce and creditors involved."
The company had taken a leading role in some of the city's most high-profile demolition projects, including the Boulevard stadium in west Hull, and Pepi's bar on Hull Marina. Despite their established reputation, however, a combination of factors - including a major drop in orders from the public sector - had forced them to implement a reduced hours schedule for their workers in December.
A well-established UK distributor renowned for high-quality bicycle components and accessories, serving both retail and trade customers nationwide, is available for acquisition.
This well-established specialist glazing business in Derbyshire boasts over 30 years of success, supported by a well-presented showroom and ample storage.
This well-established car sales and garage business in Nottinghamshire offers a superb reputation supported by positive online reviews and occupies a prominent position on a main road in Worksop.
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.