Wed, 16 Jan 2013 | ADMINISTRATION
A cement supplier has been placed in administration after struggling to maintain its cash flow.
Dudmans is an independent aggregates, ready mix and cement supplier based in Sussex. It was born out of a haulage business more than 20 years ago and now also operates a number of different sites, including several aggregate and concrete outlets in Sussex and Hampshire and a hard rock quarry in Cornwall.
Its efforts to expand its cement importing business had provided healthy returns, with turnover reaching over £30 million in the past few years. However, the extended downturn in the construction industry has seen the company run into difficulties, reports from the Construction Enquirer confirmed.
James Stares, joint administrator from Grant Thornton, told the news source: “The construction industry continues to be affected by the tough economic climate and this has been the case with the Dudman Group, which entered administration after cash flow pressures led to financial difficulty.
“We are currently reviewing the business and identifying what the best option is. We would not be able to speculate as to whether or not there will be redundancies until that review is complete”
The company provides a variety of assessments and support packages to parents; these include formal observations, self management work, life skill lessons and access to external specialist services.
Established for over 20 years with a turnover of £3.7m, this company boasts a loyal client base and experienced team, making it an excellent opportunity for integration or market entry.
Established hotel with sustainable practices and renewable energy focus, located on a circa 1.5 acre site in the local region.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.