Thu, 04 Apr 2013 | ADMINISTRATION
S Dudley & Sons, a preferred contractor to build Sainsbury’s supermarkets, is filing for administration, the Construction Enquirer has reported.
The Newport-based supermarket builder has started to sack its staff, after the company directors made a decision to take action and shut the business down after cash flow difficulties resulted in pre-tax losses of £147,000. At its pinnacle in 2011 S Dudley & Sons brought in £92 million in revenue.
S Dudley was a tier one contractor for Sainsbury’s, and also worked for Tesco and Waitrose. Its projects were worth up to £18 million.
When the administrators are brought in it will become clear how many among the 43-strong workforce will be made redundant.
Dudley’s Aluminium, which is a separate operation of S Dudley & Sons set up in 1993, is still running and is unaffected by the business closure.
The directors said they are to trade as usual with the Architectural Aluminium subsidiary, a supplier of shop fronts for clients including Tesco and serving the health, education, commercial, defence and retail sectors. Based in Cardiff, it designs, makes and installs its products.
Established in 1920 S Dudley & Sons held several accreditations and achieved industry recognition for its high quality work.
The managing director, Mike Dudley, told the Construction Enquirer, “The construction sector has been depressed for some time, and pressure on margins has been intense. This has led to S Dudley & Sons becoming unsustainable.
“It has been an incredibly difficult period for us, and we are doing all that we can to help the staff who have unfortunately lost their jobs as a result of the closure of S Dudley & Sons.”
_______________________________________________________
Related articles:
Glasgow construction firms enters administration
J.S. Hay enters administration
This is a unique opportunity to acquire a reputable construction company based in Bedfordshire. The business is available on a leasehold, freehold or relocatable basis depending on the purchaser.
This high-class restaurant in South Yorkshire is a rare opportunity, featuring a prime city-centre location and a vibrant, elegantly designed interior.
LEASEHOLD
This well-established stoves and cookers business in East Sussex offers a tastefully organised setting with spacious showrooms, a large office, and nearby warehousing featuring excellent facilities like a forklift.
LEASEHOLD
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.