Wed, 30 Jan 2013 | ADMINISTRATION
Construction business Hewlett looks set to enter administration after workers were told yesterday (Tuesday, 29 January) to stop work.
Administrators from BDO confirmed that the group – which includes Hewlett Civil Engineering Ltd., Hewlett Plant Hire Ltd., Portford Homes Ltd. and Hewlett Rail Ltd. - has entered administration.
Paul Bates, restructuring partner with BDO, commented: "The companies encountered financial difficulties as a result of the challenging economic climate over the past few years.
"Turnover has fallen from about £62m in 2009 to about £42m in 2012. Regrettably, this has meant that the companies are unable to continue to trade in their current form."
He added that the group is conducting an appraisal of the companies to ascertain whether or not they can be traded during the administration process and if a sale is an option for some or all of the businesses in the future.
Hewlett's focus is on civil engineering projects and it tends to work on both commercial projects and large construction jobs. Its head office is in Leeds, but there are two further regional offices, two training sites and third party contractor sites all being affected by the administration.
It was established in 1987 and has worked on projects for companies such as Scottish and Southern Energy, and Network Rail.
Headquartered at a freehold site in North Wales, with various additional dealerships in Wales and the North of England. This company is involved in the sale, maintenance and repair of farming equipment,
FREEHOLD
A boutique hotel located on the North West Coast of England, with sea views and within close proximity to other leisure amenities. The hotel attracts both corporate trade and also weddings and other similar functions with the grade II listed building...
The business is a long-standing specialist stone quarry operation based in the South of the UK. It has established itself as a trusted supplier of specialist stone to a diverse customer base, including national housebuilders, builders' merchants, and...
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.