Administrators make 260 redundant at John Doyle

Aaron Morby 13 years ago
Share

Administrators from Deloitte made 260 staff redundant at Doyle plc today.

Deloitte was called in by Doyle Group’s bank on Wednesday and placed the whole group into administration yesterday after going over the books.

Doyle Group consists of three operating businesses, the core concrete frame specialist John Doyle Construction, fit-out firm Ibex Interiors and Blythewood Plant.

Ibex Interiors and John Doyle Construction have now been closed with the loss of 260 jobs from the group’s 290-strong workforce.

Blythewood continues to trade while Deloitte looks to sell the business.

Richard Hawes, Joint Administrator and partner in the Restructuring Services practice, said: “The group has suffered a prolonged period of difficult trading which has resulted in it being unable to meet its financial obligations.

“We are in discussions with several interested parties to sell various parts of the business. We will continue to trade the Blythewood business on a limited basis with a view to securing a sale as a going concern.”

Like the rest of the concrete sector Doyle Group suffered as orders dried up in the downturn, and saw turnover shrink by a third to £79m in 2010.

The news came as rival concrete firms said they had started to receive calls from John Doyle workers.

The industry has been alight with rumours about the firm all week and theEnquirer has fielded a string of concerned calls about the company.

One London concrete contractor said: “We started to get calls on Tuesday from staff saying they were worried about their jobs.”

“There seems to be a lot of people looking for work at the moment.”

Doyle Group is run by well-known construction personality Stef Stefanou OBE.

Seventy-year-old Stefanou stepped away from day-to-day operations several years ago but was forced to return from semi-retirement to run the business again after the management’s push into general building ran into difficulty.

Any interested parties should contact Chris Coulton on: 0115 9363834.  Suppliers should contact Sally Coulstring on: 0117 984 2933.

Latest news

HS2 set for “fundamental reset” to lower construction costs

New chief executive promises action after latest project update
11 hours ago

Staff stunned as engineering consultancy Clarkebond closes

Firm was only bought three months ago by rival Independent Design House Group
1 week ago

Vistry issues third profit warning in three months

Profit expected to fall £50m below forecast due to delayed completions
1 week ago

Miller Homes buys St Modwen Homes for £215m

Scottish house builder snaps up £368m turnover rival
2 weeks ago

Keltbray fine increased to £18m after failed bid rigging appeal

Contractor loses penalty discount for settling with competition authorities
2 weeks ago

Luxury house builder goes under with 70 job losses

Octagon Developments in administration after 40 years in business
2 weeks ago

Top Ten best read stories of 2024

The biggest headlines of an eventful year. Have a good one and here's to a successful 2025
2 weeks ago

BAM Nuttall fined £800,000 after concrete skip tragedy

Young labourer killed by falling bale arm
2 weeks ago

Keltbray infrastructure business reveals new name

AUREOS means "new dawn" after private equity acquisition
2 weeks ago

Stiffer fines for over-running street works from next Summer

Cash raised from lane rentals to be channeled into pothole repairs
2 weeks ago

£113m Basildon rental homes scheme seals build finance

Work expected to start early next year on Market Square project
2 weeks ago

Notting Hill Genesis seeks more tier 1 repairs contractors

London housing trust seeks eight firms for new £1.5bn repairs framework
2 weeks ago

Reclaimed steel oil rig columns worked into London office revamp

Curo will use reclaimed bricks and steel for Fitzrovia office overhaul
2 weeks ago

CITB delays levy approval consultation

Levy agreement talks pushed back by ongoing review into effectiveness of training body
2 weeks ago

Ofwat approves £104bn water industry spending plan

Household water bills to rise by 36% to fund quadrupling of investment
2 weeks ago

Costain/ Siemens JV clinches HS2 power supply job

£300m deal for HV power supply systems over the 225km route
2 weeks ago

Demolition team assembles on Multiplex London Wall site

Erith to start work next month at Deutsche Bank's former headquarters
2 weeks ago

Norwich Council acts to revive £300m Anglia Square scheme

Council uses Homes England funding to buy stalled site with planning for 1,100 homes
2 weeks ago

Go-ahead for 4,500-home Cambridgeshire new town

Waterbeach new town plan stalled three years ago after an Environment Agency objection
2 weeks ago

Henry Boot to take total control of Stonebridge Homes

Deal worth at least £30m
2 weeks ago

HS2 costs could hit £66bn

Government looking for next estimate to be lower
2 weeks ago

Mace to close construction logistics arm

Specialist business being wound down
2 weeks ago

National Grid to invest £35bn over next five years

Plan set out for record investment in electricity transmission infrastructure
2 weeks ago

Profits double at Barhale

Civils specialist sees order book top £1bn
2 weeks ago

Balfour wins 68km HV underground power cable deal

Main works to start next year on Eastern Green Link 2 job
2 weeks ago

Stunning site wrap unveiled on Sloane Street

Hoarding creates illusion of fully formed façade on £53m Galliford Try job
2 weeks ago

Heathrow Airport upgrade spend takes off again

Airport operator will spend £2.3bn over the next two years
2 weeks ago

Government buys back over 36,000 military homes

Public ownership deal to release wave of upgrade and new build work
2 weeks ago

Story Contracting staff braced for rail job losses

Work coming through slower than expected from Network Rail
2 weeks ago

Ballymore submits two plans for 3,700 East London homes

Construction could start in 2025 on Thames Road and Knights Road schemes
2 weeks ago

Contractor services