Simons Group falls into administration
Family-owned construction firm Simons Group has entered administration, with an 124 employees expected to lose their jobs.
The Lincoln-based business, which has been operating for over 70 years, specialises in retail, healthcare, distribution and commercial projects across the UK.
The company called in administrator FRP Advisory yesterday after it struggled with tough trading conditions and series of contract delays.
FRP said it would implement an “orderly wind down” of the construction business, which will result in an unspecified number of redundancies over the next few days. Some employees will be retained to assist with the wind down of the business and efforts to transfer existing contracts to alternative contractors. The business employs a total of 124 people.
Joint administrator Nathan Jones said: “After a period of challenging trading and contract delays resulted in unsustainable cashflow difficulties, the directors of Simons Group were left with no choice but to enter the business into administration.
“Our initial focus will now be on working to ensure that any live contracts are transferred across to new contractors with minimal disruption. We will also be working closely with the Redundancy Payments Service to support all affected employees at what we know will be a difficult time.
“We will be looking to market some elements of the business for sale and encourage any interested parties to make contract with the administrators without delay.”
The Simons Group companies which have entered administration and relevant contact details are below:
Simons Group Limited – [email protected]
Simons Construction Limited – [email protected]
Simons Design Limited – [email protected]
Simons Development Limited – [email protected]
Simons Estates Limited will be placed into liquidation.