Wed, 21 Nov 2012 | ADMINISTRATION
Building firm Hallam Contracts looks set to enter administration in the next few days.
Reports from the Leicester Mercury revealed that the building firm has made more than three-quarters of its workforce redundant due to financial problems, with 100 staff at the company given letters telling them that the firm is set to go into administration in the next few days. Around 20 workers remain at the company, although the firm has ceased trading.
The family-run company is thought to have been forced towards administration after a sub-contractor submitted a winding-up petition that would have seen Hallam broken up and sold off. According to an office worker who received a redundancy notice, this was the “last straw” for the business, which had been working hard to resolve its financial problems.
The ex-employee, who wished to remain anonymous, told the paper: “There's only so much you can do in regard to cashflow. Some of the suppliers were willing to work with us and others weren't.
“It's a sad day, particularly for the Hallam family. However, the way the industry has been, we are not the first and won't be the last company where this happens.”
Operating across North Yorkshire, the company has two divisions, one that provides IT infrastructure and one offering renewable energy solutions, including solar PV systems and electric vehicle charging points.
The group specialises in supplying and installing UPVC windows, doors and conservatories in a wide array of styles. Bespoke bathroom panelling and high-quality guttering products are also provided by the two companies.
The company is a well-regarded specialist provider of hygienic wall, floor, and ceiling cladding systems. To complement its core supply of PVC cladding, the business offers hot welded joints to prevent the build-up of bacteria and can supply stainles...
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