Family-owned construction firm Simons Group has entered administration, with an 124 employees expected to lose their jobs.
The Lincoln-based business, which has been operating for over 70 years, specialises in retail, healthcare, distribution and commercial projects across the UK.
The company called in administrator FRP Advisory yesterday after it struggled with tough trading conditions and series of contract delays.
FRP said it would implement an “orderly wind down” of the construction business, which will result in an unspecified number of redundancies over the next few days. Some employees will be retained to assist with the wind down of the business and efforts to transfer existing contracts to alternative contractors. The business employs a total of 124 people.
Register for free and continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
