A prominent Bristol construction services firm has fallen into administration with the loss of 30 jobs.
Dribuild Ltd of Hawkfield Way, Bristol entered into administration on 4 October after facing insurmountable funding challenges.
Neil Vinnicombe and Simon Haskew of business recovery firm, Begbies Traynor, have been appointed to manage the administration. The Company is currently engaged in nine live commercial construction projects. Five of the company’s 35 strong team are being retained by Begbies Traynor while the administration proceeds.
Commenting on the news, Neil Vinnicombe, partner at Begbies Traynor in Bath, said:
“It is always sad to see a business with a strong reputation and order book succumb to financial difficulties, especially when there are redundancies involved. As such, we are hopeful of working with existing customers to assist them to complete contracts in progress and help as much of the business’ highly skilled workforce as possible to find alternative employment.”
Interested parties looking for further information on the administration should contact Neil Vinnicombe at email@example.com.
Neil joined Begbies Traynor in 2003. He successfully sat the JIEB exams in 2005 and is a Licensed Insolvency Practitioner. He has 29 years' insolvency experience having previously worked at KPMG, Ernst & Young and Grant Thorton in Bristol.
He has a broad range of experience in Corporate Recovery and Rescue and works from the Bristol and Bath offices.