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Contract Services: 102 jobs to go as building firm folds – BBC News

Contract Services: 102 jobs to go as building firm folds

  • 14 August 2017
  • From the section South East Wales

Contract Services (South Wales) in Port TalbotImage copyright
Google

Image caption

Contract Services has blamed ‘unexpected cash flow’ problems

A south Wales building and maintenance firm has called in liquidators with the loss of 102 jobs.

Contract Services (South Wales) Ltd has operat…

Read the full article at: http://www.bbc.co.uk/news/uk-wales-south-east-wales-40930209

Category: LiquidationBy Insolvency GuardianAugust 14, 2017

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Contract Services: 102 jobs to go as building firm folds – BBC News

Contract Services (South Wales) in Port TalbotImage copyright
Google

Image caption

Contract Services has blamed ‘unexpected cash flow’ problems

A south Wales building and maintenance firm has called in liquidators with the loss of 102 jobs.

Contract Services (South Wales) Ltd has operated from Port Talbot and Caerphilly for the last 21 years.

It ceased trading on 11 August, and called in business recovery firm Begbies Traynor to start the process of liquidation.

The company has blamed what has been described as “unexpected cash flow pressures earlier this year”.

Huw Powell, from the liquidator…

Read the full article at: http://www.bbc.com/news/uk-wales-south-east-wales-40930209

Category: LiquidationBy Insolvency GuardianAugust 14, 2017

Post navigation

PreviousPrevious post:Creditor trying to force Dynamic airline into liquidation – Winston-Salem JournalNextNext post:As developers head to bankruptcy body, homebuyers left in lurch – Business Standard

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Builder fined $3500 for taking deposit on home he couldn’t deliver – thepost.co.nz
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