‘Cash flow challenges’ threaten to send the Edwinstowe-based construction company into liquidation

0

Robert Woodhead, an Edwindstowe-based contractor who worked in the East Midlands and South Yorkshire, has confirmed he has stopped trading, resulting in the majority of his staff losing their jobs.

Accounting firm RSM UK Restructuring Advisory has been appointed to the firm to bring the company into voluntary liquidation.

The company cited the impact of rising prices throughout the supply chain and fixed-price contracts as the main reason for the decision.

Woodhead Construction had been working with Bolsover District Council on new homes in Whitwell.

The board of directors of Robert Woodhead Limited said: “The directors are devastated to have to make this decision.

“After working tirelessly over the past few months to mitigate these issues, the company has faced a series of cash flow challenges over the past few weeks that have proved insurmountable and have concluded that the company cannot continue trading.” could continue.”

Continue reading

Continue reading

Worksop bus company drivers fired after he was caught on the phone while driving

A document seen by Your Guardian revealed that employees were sent an email on Wednesday September 14 saying directors had decided the company ‘can no longer go on’ and that the jobs would be terminated “with immediate effect”.

About 120 employees are said to have been affected.

Sherwood MP Mark Spencer said: “It is devastating to hear that Robert Woodhead is being voluntarily wound up, resulting in many people losing their jobs.

“I will write to RSM, who I have been told is handling the liquidation, to remind them of their obligations to the workforce.”

Robert Woodhead had worked with a number of local authorities on housing projects in the area, including the communities of Bassetlaw, Newark & ​​Sherwood, Bolsover and Mansfield.

The latest annual accounts of Robert Woodhead Holdings for the year ended 31 October 2021 show a pre-tax profit of £535,000 on sales of £44.3m, with the company employing more than 150 people.

Share.

About Author

Comments are closed.