Peter Dewey and David Hill, partners at insolvency and business recovery experts Begbies Traynor, based at the Cardiff office, have been appointed administrators of S Dudley & Sons Limited, the Newport-based construction company that was established in 1920.
The partners have been appointed joint administrators of the company on 9th April 2013 which, according to the directors, had suffered a sustained period of difficult trading in which margins had been increasingly depressed by its clients in the retail sector. The company had previously announced that job losses were likely among the 43-strong workforce.
The aluminium operation of S Dudley & Sons, which was established in 1993 and employs 42 staff, is a stand-alone company called Dudley’s Aluminium Limited. It is totally unaffected by the closure of S Dudley & Sons.
S Dudley & Sons has worked for a number of years for major retailers such as Tesco, Sainsbury’s, Aldi and Waitrose amongst others.
Peter Dewey at Begbies Traynor said: “S Dudley & Sons Limited is yet another victim of the continuing difficulties in the construction sector.
David is a chartered accountant and licensed insolvency practitioner. He joined Begbies Traynor in 2003 having previously worked for Grant Thornton, Deloitte and BDO Stoy Hayward. He has a wide range of experience in Corporate Rescue and Recovery including both corporate and personal insolvency.