Drainage firm staring administration in the face

A Leicester drainage and sewer business is facing an uncertain future, TheBusinessDesk.com understands.

Colus, which is based in Enderby, has posted a notice of intention to appoint administrators. The move will protect the firm from creditor action for a period of around 10 working days.

Colus’s latest accounts, made up to the end of August 2022, show the firm owed creditors over £4.2m.

At the time, the company employed 85 people – down from 122 in the previous year.

Colus’s website shows that it has worked with the likes of Anglian Water, Kier, Balfour Beatty and Severn Trent Water.

Click here to sign up to receive our new South West business news...