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Builders' Merchants News - Andy Williamson to chair new BMF Insulation & Dry Lining Forum buildersmerchantsnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from buildersmerchantsnews.co.uk Daily Mail and Mail on Sunday newspapers.
Major firms reveal product lead times could rise by 'up to four weeks' constructionnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionnews.co.uk Daily Mail and Mail on Sunday newspapers.
A Hertfordshire-based drylining firm collapsed due to the effect of the pandemic on the industry, according to administrators. Grays Dry Lining filed an administration notice on 27 April and administrators from FRP Advisory were formally appointed on 10 May. A statement from an FRP spokesperson explained why the company had failed: “The pandemic caused a significant challenge to the business, leading it to lose a number of contracts, which resulted in cashflow issues and, unfortunately, its eventual closure,” it said. Miles Needham and Sarah Cook of FRP have been appointed as joint administrators and will help wind down the business. According to Grays’ most recent accounts for the year ending 31 March 2019, the company employed 22 people. ....
Hertfordshire-based Grays Dry Lining Limited has filed an administration notice, Construction News can reveal. The company, which reported turnover of £22m in its last set of accounts, filed its notice of intention to appoint an administrator on Tuesday. The company has 10 days to appoint an administrator and is protected from creditor actions during that time. If an administrator is not appointed and a new notice is not submitted then creditors can take action to recover any money owed. CN has spoken to one former member of staff at Grays Dry Lining who said he was made redundant on Wednesday after being told the company was filing for administration. Grays employed 22 people in 2019, the year of its most recent accounts. ....
Builders' Merchants News - Galaxy opens ninth UK depot buildersmerchantsnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from buildersmerchantsnews.co.uk Daily Mail and Mail on Sunday newspapers.