Administrators confirm closure of 50-year-old construction group
Walsall construction group Shaylor Group has been placed into administration, with 200 staff being made redundant.
Raj Mittal and Tony Barrell, partners at FRP Advisory, confirmed their appointment as joint administrators today.
They said the group had experienced severe cashflow pressures in recent weeks following several project delays and after unsuccessful attempts to raise additional funding, the directors took the decision to place the company into administration.
The joint administrators are now in discussions with the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...