Administrators make 260 redundant at John Doyle

Aaron Morby 12 years ago
Share

Administrators from Deloitte made 260 staff redundant at Doyle plc today.

Deloitte was called in by Doyle Group’s bank on Wednesday and placed the whole group into administration yesterday after going over the books.

Doyle Group consists of three operating businesses, the core concrete frame specialist John Doyle Construction, fit-out firm Ibex Interiors and Blythewood Plant.

Ibex Interiors and John Doyle Construction have now been closed with the loss of 260 jobs from the group’s 290-strong workforce.

Blythewood continues to trade while Deloitte looks to sell the business.

Richard Hawes, Joint Administrator and partner in the Restructuring Services practice, said: “The group has suffered a prolonged period of difficult trading which has resulted in it being unable to meet its financial obligations.

“We are in discussions with several interested parties to sell various parts of the business. We will continue to trade the Blythewood business on a limited basis with a view to securing a sale as a going concern.”

Like the rest of the concrete sector Doyle Group suffered as orders dried up in the downturn, and saw turnover shrink by a third to £79m in 2010.

The news came as rival concrete firms said they had started to receive calls from John Doyle workers.

The industry has been alight with rumours about the firm all week and theEnquirer has fielded a string of concerned calls about the company.

One London concrete contractor said: “We started to get calls on Tuesday from staff saying they were worried about their jobs.”

“There seems to be a lot of people looking for work at the moment.”

Doyle Group is run by well-known construction personality Stef Stefanou OBE.

Seventy-year-old Stefanou stepped away from day-to-day operations several years ago but was forced to return from semi-retirement to run the business again after the management’s push into general building ran into difficulty.

Any interested parties should contact Chris Coulton on: 0115 9363834.  Suppliers should contact Sally Coulstring on: 0117 984 2933.

Latest news

Willmott Dixon exits stage left from Essex theatre contract

Contract re-tendering shines spotlight on growing schism between contractors and clients
3 hours ago

Purpose build student schemes to surge again

Unite assembles record £1.3bn pipeline as fall in HMO supply boosts PBSA sector
2 hours ago

Bidding starts for £1.4bn Midlands Rail Hub Alliance

Alliance will deliver upgrades to rail lines and stations around Birmingham and nearby towns
3 hours ago

Brickability sounds warning over materials demand

Distributor sees lower sales lasting for longer before house building recovers
2 hours ago

English Cities Fund raises extra £200m for work pipeline

Muse, Homes England, L&G partnership to double in size
3 hours ago

Go-ahead for 64 homes at former Glasgow Coliseum theatre

Robertson-owned developer Urban Union to build four housing blocks at site
2 hours ago

Competition probe launched into 8 major house builders

Cartel watchdog says volume house builders may have exchanged competitively sensitive information
1 day ago

Cement-free concrete firm falls into administration

DB Group also owned Pudlo waterproofing products
1 day ago

Everton Stadium now structurally complete

Laing O'Rourke lifts final concrete terrace section into place
1 day ago

HS2 launches third London Northolt tunnel TBM

1,700 tonne machine begins 3.4mile dig under the capital
1 day ago

Willmott Dixon set for Manchester science park job

Contractor understood to be in final stages of talks to land £75m Greenheys building
4 days ago

Transport jobs get £4.7bn of cancelled HS2 cash

Government details funding for North and Midlands from 2025
1 day ago

Stewart Milne went down owing supply chain £153m

So far 1,375 firms have come forward with unpaid bills
5 days ago

Didcot disaster investigation enters its ninth year

Still no answers for families of quartet killed in demolition collapse
4 days ago

Mount Anvil wins £275m Westminster estate renewal

First phase of Church Street area regeneration will deliver 400 new homes and a library
5 days ago

Trio of A47 road upgrades to go-ahead as legal challenge fails

20-month delay adds tens of millions to dualling costs
4 days ago

Skanska and Morgan Sindall win £277m duo of Cambridge jobs

Railpen awards £200m Botanic Place and £77m Devonshire Gardens office jobs
5 days ago

Offsite specialist Merit sees profits grow

Contractor sees further growth in turnover and profits
4 days ago

Morgan Sindall delivers another record year of profit

Revenue tops £4bn as pre-tax profit soars 70% to £144m
5 days ago

Galliford Try nets two pipelines and road job worth £98m

Firm wins £64m of Thames Water pipelines and Halifax road improvements
4 days ago

HS2 viaduct blunder over wonky concrete segments

Align JV now drilling out concrete joint as part of week-long remedial work
6 days ago

City of London hots up as 9m sq ft under construction

Investors return to City as "10 Cheesgraters" of floorspace under construction
6 days ago

Four arrested in £140m property fraud probe

Serious Fraud Office investigating collapse of property developer Signature Group
6 days ago

McLaren gets green light for 31-storey student tower

Revamp of historic Birmingham site will provide 759 student beds and 189 apartments
5 days ago

BT Tower to become hotel

New owner MCR Hotels to transform iconic building
5 days ago

Plans in for first phase of £1.7bn ID Manchester

Plan to reinvent 1960s Renold Building as a new innovation hub
5 days ago

London £3bn housing framework out to tender

SMEs allocated slots on London Construction Programme housing framework refresh
6 days ago

BAM wins first major RAAC school rebuild

Contractor seals £46m deal for St Leonards school in Durham
6 days ago

Failed strip out specialist owes £1.5m to supply chain

More than 100 subcontractors and suppliers left with unpaid bills by Type Ten Limited
6 days ago

Councils to turn screw on building owners over fire safety upgrades

Government tells councils to step up legal action against rogue building owners
6 days ago

Contractor services