Wed, 08 Jun 2011 | ADMINISTRATION
UK concrete maker FH Gilman & Co is up for sale after entering administration less than a month after its subsidiary C&G Concrete failed due to the impact of last winter’s bad weather and generally tough trading conditions in the sector.
FH Gilman & Co makes aggregates, ready mixed concrete and asphalt, and was also hit by the adverse weather conditions in the winter of 2010.
Administrators Rob Lewis and Ross Connock of PwC are now working to find a new owner for the business.
FH Gilman & Co has 75 staff based at its West Wales operations producing materials used by the construction sector, and a further 47 are employed in Stamford at its headquarters, plant hire and warehouse operations.
Joint administrator Ross Connock commented, “FH Gilman & Co is a well known business within its local markets with a strong reputation for quality and service, which was making significant progress in terms of its performance.
"Our main priority now will be to continue to trade the business while we seek a sale of the business and assets. In looking to achieve a sale, it will be critical that we retain the ongoing support of both the employees and the suppliers to the business.”
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