Users of brick tools may have had their jobs safeguarded today by Morgan Sindall, which announced it had acquired a number of contracts from troubled homebuilder Connaught.
The firm appointed Richard Fleming, Richard Hill and Richard Heis of KPMG as administrators when it went into liquidation on Wednesday (September 8th).
Although it was announced today that 700 people would be made redundant from the Partnerships branch of the business, as many as 2,500 roles have been safeguarded by the acquisition.
Morgan Sindall's affordable housing arm Lovell will be taking on contracts, buying the work and related assets for £28 million.
However, the firm expects to make annual revenue of £200 million from its investment.
John Morgan, executive chairman of the company, said the move "significantly increases the scope and scale of our planned and reactive maintenance activities and further develops our market leading position".
Elsewhere, construction workers in Ellesmere Port may benefit from the development of a new Marks and Spencer store in the town, which the Ellesmere Port Pioneer reported was expected to create 350 jobs.
Posted by Andrew Miles
The firm appointed Richard Fleming, Richard Hill and Richard Heis of KPMG as administrators when it went into liquidation on Wednesday (September 8th).
Although it was announced today that 700 people would be made redundant from the Partnerships branch of the business, as many as 2,500 roles have been safeguarded by the acquisition.
Morgan Sindall's affordable housing arm Lovell will be taking on contracts, buying the work and related assets for £28 million.
However, the firm expects to make annual revenue of £200 million from its investment.
John Morgan, executive chairman of the company, said the move "significantly increases the scope and scale of our planned and reactive maintenance activities and further develops our market leading position".
Elsewhere, construction workers in Ellesmere Port may benefit from the development of a new Marks and Spencer store in the town, which the Ellesmere Port Pioneer reported was expected to create 350 jobs.
Posted by Andrew Miles