Hunt for buyer to save failed concrete firm

Aaron Morby 13 years ago
Share

West Wales concrete maker FH Gilman & Co is up for sale after going into administration less than a month after its subsidiary C&G Concrete failed.

Administrators Rob Lewis and Ross Connock of PwC said they were hoping to find a buyer for the business and save over 120 jobs.

The harsh winter weather of 2010 was given as one of the most significant challenges faced by the company, which been established for more than 50 years.

FH Gilman & Co has 75 staff based at its Pembrokeshire operations producing aggregates, ready mixed concrete and asphalt, and a further 47 are employed in Stamford at its headquarters, plant hire and warehouse operations.

Joint administrator Ross Connock said: “FH Gilman & Co is a well known business within its local markets with a strong reputation for quality and service, which was making significant progress in terms of its performance.

“Our main priority now will be to continue to trade the business while we seek a sale of the business and assets. In looking to achieve a sale, it will be critical that we retain the ongoing support of both the employees and the suppliers to the business.”

Latest news

Subcontractors form alliance for major civils jobs

Trio of specialists join forced to collaborate and offer Tier 1 contractors a turnkey solution
54 mins ago

Wates set up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
23 mins ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
41 mins ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
10 hours ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
17 hours ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
24 hours ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
23 hours ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
23 hours ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
23 hours ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
23 hours ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
4 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
4 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
4 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
4 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
4 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
4 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
5 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
5 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
6 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
5 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
5 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
5 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
6 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
5 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
6 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
6 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
6 days ago

New scheme fuels London lab building boom

Plans in for 160,000 sq ft Whitechapel scheme near Royal London hospital
6 days ago

Contract race starts for next £155m section of A9 dualling

Prior Information Notice published for Tay Crossing to Ballinluig stretch
7 days ago

£55m Sheffield build-to-rent scheme approved

Demolition to start later this year for 158-flat Sheffield Garden project
7 days ago

Contractor services