M-AR buyer starts round of redundancies

Grant Prior 3 months ago
Share

The company that rescued offsite contractor Module-AR (M-AR) Limited out of administration is planning to make nearly half the workforce redundant.

The M-AR factory in Hull
The M-AR factory in Hull

The Enquirer revealed yesterday that medical offsite specialist Vanguard Healthcare Solutions had acquired the £30m turnover M-AR business after it fell into administration in late October.

Administrator Begbies Traynor said the move would “safeguard 70 jobs” as Vanguard took on M-AR’s 100,000 sq ft manufacturing facility in Hull.

Dean Watson, partner at Begbies Traynor, said: “We are pleased to have completed a going concern sale of the business, which safeguards the jobs of a loyal and skilled workforce.”

But M-AR staff were served with redundancy consultation letters just days after the deal completed.

The letter seen by the Enquirer states: “At present the (Hull) site is continuing to lose substantial sums each day which isn’t sustainable.

“While we are optimistic about the long term work load of the site, it is currently expected that there will not be sufficient volume running through Hull for some time to sustain the full current workforce.”

Vanguard is looking at cutting staff at all levels from the board room to the factory floor with 30 roles highlighted  at risk.

In a statement Vanguard said: “The organisation confirmed that a review conducted following the acquisition had highlighted a number of roles at risk of redundancy and that a 30-day consultation period had begun with those potentially affected.

“It confirmed that its priority was to work closely with all of the people potentially affected and to support them however possible.”

Latest news

Groundworks firm Hiretest files administration notice

Specialist worked a lot with collapsed contractor Readie
4 hours ago

Siemens Mobility to build £100m Chippenham factory

New factory will build the next-generation of rail signalling and control systems
4 hours ago

Acquisitive RSK tops £1.2bn turnover

Pre-tax losses double to £81m after year of 34 buy-outs
4 hours ago

Winners revealed for £700m new build housing deal

EN:Procure selects 27 contractors for new framework: Full list of winners
4 hours ago

Morgan Sindall seals £39m deal for Newcastle academy deal

Work on Callerton Academy job to start after two delay caused by Caledonian Modular failure
4 hours ago

GF Tomlinson edges back into profit

Midlands builder avoids staff layoffs despite revenue fall
4 hours ago

M&S wins appeal over Gove refusal to demolish flagship store

Retailer claims victory in planning row over Marble Arch building
3 days ago

Plans expand for “new city district” at Bristol airfield

Malaysian firm YTL gets green light for bigger Brabazon development
3 days ago

NG Bailey chief to step down

David Hurcomb to retire in May after 14 years at the helm
4 days ago

Hundreds to be rehoused in Aberdeen over RAAC fears

Engineers exploring whether to condemn 500 homes or carry out remedial works
4 days ago

Plan in for North London 620-bed student scheme

Student rooms and affordable homes scheme to be built in Wood Green
3 days ago

Stantec lands design role on £4bn battery factory

First main construction award due shortly on Somerset mega-project
4 days ago

Utilities and civils specialist Ferns returns to profit

Kent-based firm grows to £81m revenue as telecoms work takes off
3 days ago

Go-ahead for 316 bed Stratford student scheme

Construction to start by end of year on site next to Pudding Mill Lane station
3 days ago

Equans suffers £146m loss and quits new build housing

Losses hit £99m on housing association new build work
4 days ago

Job cuts at modular house builder TopHat

Offsite housing specialist acts in response to "challenging market"
4 days ago

Graham wins £85m Milton Keynes Lakes Estate revamp

Enabling works start ahead of building 200 council homes
4 days ago

Go-ahead for London’s largest estate £1bn rebuild

Spring start for first job at Stratford's Carpenter Estate scheme
5 days ago

Costain trials electric vans on major civils sites

Green vans meet "tight budgetary requirements" in pilot scheme
5 days ago

Green light for major mixed-use scheme in Ealing

Scheme will provide 10,915 sq ft of industrial workspace alongside 140 new homes
4 days ago

Taylor Wimpey sees tender inflation fall to 1%

House builder retenders site work as build costs slide
5 days ago

Careys back in profit after £47m turnaround

Contracting division back in profit ahead of three-year growth plan
6 days ago

Rye Demolition goes into administration

Another specialist contractor goes under
5 days ago

Historic breakthrough for HS2’s longest tunnel drive

TBM Florence ends her 10 mile journey under the Chilterns
6 days ago

Volumetric builder Tide seals deal to start London tower

32-storey North Acton tower will consist of 462 co-living units
5 days ago

Costain moves HQ to London’s Can of Ham

Contractor makes return to London from Maidenhead base
6 days ago

Former Keltbray highways MD joins McAlpine

Vip Gandhi takes lead role at Transport division
6 days ago

Willmott Dixon exits stage left from Essex theatre contract

Contract re-tendering shines spotlight on growing schism between contractors and clients
6 days ago

Purpose build student schemes to surge again

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

Bidding starts for £1.4bn Midlands Rail Hub Alliance

Alliance will deliver upgrades to rail lines and stations around Birmingham and nearby towns
6 days ago

Contractor services