United Kingdom

Details

  • Service: Advisory
  • Type: Press release
  • Date: 05/02/2013

Baggaley Construction Limited - update 

 

Administrators from KPMG, who were appointed joint administrators to Herbert Baggaley Construction Limited and Baggaley Group Limited on Friday 1st February, have today confirmed that unfortunately 83 staff have been made redundant. 

 

The group originally employed 104 people from a freehold office in Mansfield, Nottinghamshire.  The remaining 21 staff are assisting the administrators.

 

‪Chris Pole, joint administrator and restructuring director at KPMG, commented: 

“Unfortunately, following a review of the position and the difficulties with continuing to trade, we have had to take the decision to make 83 staff redundant. The remaining employees are supporting us whilst we conduct a review of existing contracts and explore a possible sale of the remaining business. The company is involved in a wide-range of public and private sector construction contracts, including substantial work under local authority framework agreements.”

 

‪The joint administrators will provide further updates as the case progresses.

 

-ENDS-

 

Media enquiries to: 

 

Sorrelle Cooper, Senior PR manager, KPMG                       

 

020 7694 8527 

Emma Murray, PR manager, KPMG                          

 

020 7694 6506 

KPMG press office                                              

 

020 7694 8773 

 

About KPMG

  

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

Share this

Share this