Flooring specialist Polydeck Group in administration

Grant Prior 7 months ago
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Flooring specialist Polydeck Group has gone into administration with the loss of 55 jobs.

Polydeck was in a pay dispute with Balfour Beatty over work at RAF Marham

The Wiltshire based firm also had offices in Warwickshire, Peterborough, Norfolk and Scotland.

The Enquirer understands Polydeck Group had been in a long-running £1.7m payment row with Balfour Beatty over work carried out at the RAF Marham base in Norfolk.

Latest results at Comapanies House show Polydeck Group had a turnover of £12.5m for the year to May 31 2017 generating a pre-tax profit of £425,000.

It is understood staff had the details of the administration confirmed on Friday morning.

One supplier said: “Word started going round on Thursday and it has come as a surprise to everyone.

“We are owed money by them and it’s another knock we will have to ride.”

Polydeck Group was established in 2001 as a specialist resin flooring contractor.

Joint Administrator Andrew Sheridan of FRP Advisory LLP said: “With many in the construction sector delaying payments to shore up their own cash positions, smaller contractors are feeling the pinch.

“Against a back-drop of tighter industry margins, delayed payments ultimately resulted in Polydeck running out of cash.”

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