C & G Concrete Limited - In Administration
Eddie Williams and Matthew Hammond of PwC were appointed joint administrators of C & G Concrete Limited (“C & G”) on Monday 16 May 2011.
C & G, which has 120 employees, is a producer of aggregates, ready mixed concrete and mortar for the construction industry. With a head office in Stamford, it has been established for over 50 years and operates from 3 quarries and a number of plants throughout the Lincolnshire, Humberside and Peterborough area.
The appointment is to this entity only and other parts of the group including FH Gilman & Co are not subject to any appointment.
The business had faced some significant challenges, particularly the adverse weather conditions which were experienced in the winter months of 2010. C & G has been placed into administration by its directors in response to the publication by the London Gazette of an advertisement of a petition for winding up.
Eddie Williams, joint administrator and Director at PwC East Midlands, said:
“C & G is a well known business within its local markets with a strong reputation for quality and service, which was making significant progress in terms of its performance.
There have already been a number of serious expressions of interest in the business and our main priority now will be to quickly progress these interested parties plus other potential acquirers to the completion of a sale of the business. In looking to achieve a sale, it will be critical that we retain the ongoing support of both the employees and the suppliers to the business.”
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