Over 120 jobs at risk as construction group enters administration

A Lincoln construction firm which has been trading since 1944 has fallen into administration.

Some 124 jobs are at risk at the firm, according to administrators FRP Advisory which says that a number of staff will be kept on to wind down the business and transfer contracts to other firms.

It is understood that Simons was having difficulties on a £33m contract to build the country’s second largest private hospital at Pebble Mill in the West Midlands.

Simons turned over around £100m a year. The firm’s construction, development and design arms have also gone into administration.

FRP Advisory joint administrator Nathan Jones said: “After a period of challenging trading and contract delays resulted in unsustainable cash flow difficulties, the directors of Simons Group were left with no choice but to enter the business into administration.

“Our initial focus will now be on working to ensure that any live contracts are transferred across to new contractors with minimal disruption. We will also be working closely with the Redundancy Payments Service to support all affected employees at what we know will be a difficult time.

“We will be looking to market some elements of the business for sale and encourage any interested parties to make contract with the administrators without delay.”