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Business Recovery & Insolvency

Wrekin Construction Company Limited in Administration

By CreditMan Wednesday, March 11, 2009

Ian Best and Tom Lukic of Ernst & Young LLP were yesterday appointed Joint Administrators of Wrekin Group Limited and Wrekin Construction Company Limited.

The trading company – Wrekin Construction Company Limited – employs approximately 600 permanent staff. It is headquartered in Shifnall, Telford and has three other regional sites in Runcorn, Bradford and Wellingborough.

The Group was established in 1960 and provides solutions to a range of construction and environmental projects including civil engineering, building and regeneration.

The business has run into financial difficulties as a direct result of the economic downturn, despite having a successful track record of winning a number of new contracts worth a significant value.

Furthermore, Wrekin Construction Company Limited has recently been subject to a number of winding up petitions which has led to the appointment of the Joint Administrators.

One of the Joint Administrators said, “The Joint Administrators will reviewing the financial position of the business over the coming days.”