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North west scaffolder collapses with 50 job cuts Ι Construction Enquirer
Leading north west specialist contractor Grace Scaffolding Ltd has been placed in administration.
The firm employed around 48 staff operating out of a head office in Salford and branches in the Wirrall, Preston and Blackpool.
GSL was established more than 10 years ago and operated a fleet of 40 vehicles as well as carrying an extensive tube and fitting stockholding to handle large projects across the north west.
Joint Administrators’ Jeremy Woodside and Christopher Ratten of RSM Tenon Recovery in Manchester are trying to sell the business.
Its core jobs were in social housing refurbishment, private new-build and commercial refurbishment and new-build.
A shareholder disagreement at the company is understood to have meant it could not pay its debts.
The last set of accounts for October showed the contractor made a profit of £480,000 on sales of £2.4m.
Leading north west specialist contractor Grace Scaffolding Ltd has been placed in administration.
The firm employed around 48 staff operating out of a head office in Salford and branches in the Wirrall, Preston and Blackpool.
GSL was established more than 10 years ago and operated a fleet of 40 vehicles as well as carrying an extensive tube and fitting stockholding to handle large projects across the north west.
Joint Administrators’ Jeremy Woodside and Christopher Ratten of RSM Tenon Recovery in Manchester are trying to sell the business.
Its core jobs were in social housing refurbishment, private new-build and commercial refurbishment and new-build.
A shareholder disagreement at the company is understood to have meant it could not pay its debts.
The last set of accounts for October showed the contractor made a profit of £480,000 on sales of £2.4m.