A total of 74 jobs have been axed from construction logistics and building business Elliott Thomas after parts of the group were placed into administration late last week.
Two of the group’s divisions, Elliott Thomas Logistics and builder Prime Construction were placed into administration last Thursday by insolvency specialist Carter Backer Winter (CBW).
It has been reported that these parts of the business fell into administration after a payment row on a single project tipped the firm over the edge.
The entire group had around 420 staff and self-employed workers on its books. While 74 jobs have been culled, it is thought when self-employed workers are included around 300 are affected.
There has been some good news, however, with the group’s companies Taylor’s Hoists and Rainsford Contracts having been taken over in a joint venture between the existing management and Lyndon Scaffolding, which saved close to 50 jobs.
A spokesman for the administrators CBW said: “It’s unfortunate that a settlement couldn’t be reached on one of the group’s major contracts, which contributed significantly to the administration of certain Elliott Thomas Group companies.
“It hasn’t been possible to secure a sale of the business of these entities, which provided construction and logistics services, and accordingly 74 redundancies were made shortly following our appointment.”
Elsewhere 156 jobs have been lost at Hampshire-based facades company LSC Group after three of its firms were placed in administration.
The firm, which was only formed a few years ago, hit the buffers when its main bank withdrew its support.
It had been involved with a number of projects around the country, including Kier’s £38m contract to build Plymouth’s tallest building, a 22-storey student accommodation scheme, and cladding for Higgins Construction on the redevelopment of the Sir Winston Churchill public house site in Debden Broadway into a seven storey block of 60 flats.
