Civils specialist goes under with the loss of 90 jobs

Civil specialist Moulding Contracts Limited is being wound down with the loss of 90 jobs after being placed into administration.

Administrators now running the company said: “A process to find a buyer and additional funding support has not been successful.”

Moulding Contracts had a turnover of £18m and operated from bases in Greater Manchester, County Durham and Oxfordshire.

Joint administrator Mark Getliffe of CLB Coopers in Manchester said: “Moulding Contracts will complete some specific contracts but there is no prospect of it continuing to trade as a going concern.

“The workforce was already in a redundancy consultation.”

Getliffe added that “there is every prospect of creditors being paid a distribution.

“The expectation is that we will be able to distribute funds back to creditors in 2017. A plan has been agreed to effect this and creditors will be consulted early in the New Year”

Moulding Contracts was formed in 1950 as a family-run plant hire firm in the North West and grew into a major service provider for the quarrying and brick making industries throughout the Midlands and the North.

In 1996, following the success of a number of joint venture projects, the company merged with a North East regional landfill engineering specialist and the company name was changed to Moulding Contracts Limited.

The employees affected include groundworkers, site agents, site engineers, and plant operators.

Getliffe said: “It’s unwelcome to see people lose their jobs at any time of year but there is a chronic shortage of these skills across civil engineering and construction, so it’s our hope and belief that the workforce will be able to find alternative employment.”

from Construction Enquirer http://www.constructionenquirer.com/2016/12/21/civils-specialist-goes-under-with-the-loss-of-90-jobs/

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