Essex building boss Chris Davy has been in talks with administrators since the long-established Chelmsford builder FJF collapsed in June.
He has finally struck a deal with administrators FRP Advisory that will keep the name and history from being lost.
There were several reasons for FJF’s failure. The builder was hit by the economic downturn, low margins, slow paying debtors and a failure to invest in effective management systems.
Davy, who also owns Hart Projects and Construction, said his firm’s IT and management systems would be integrated into FJF’s existing processes.
History of F J French
Frederick J French founded the building firm in 1895.
After his death in 1947 the firm was sold to the surviving directors. Since that time it was owned and managed directors incorporating the values of a family firm.
In 2011, the company was bought by a local firm wishing to expand their core activities as a “family builder”.
in June, FJF ran into financial trouble and was placed in administration.
Contracts ranged in value up to a few million pounds.
.JPEG)
