Image: Dancourt’s work on Hinkley Point (image: www.dancourt.co.uk)
Bristol-based subcontractor Dancourt Construction collapsed into administration owing more than £5m to creditors after struggling to recover interim payments and retentions from main contractors, it has emerged.
The company, founded in 2002 and with an annual turnover of around £15m, called administrators in July this year. A total of 103 staff were made redundant.
A report filed in Companies House by Jonathan Williams of administrator Bishop Fleming said the subcontractor hit trouble after delays in receiving payment from main contractors on key projects.
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