Over 20 jobs lost after builders merchant with Yorkshire outlets falls into administration
On October 9, Andrew Mackenzie and Laura Baxter of Begbies Traynor were appointed joint administrators of Builders’ Merchant Company, after the firm was subject to a winding up petition last month.
All 26 employees of the business have been made redundant. The joint administrators said they are now hoping to sell the freehold property and assets of the business.
Advertisement
Hide AdAdvertisement
Hide AdBuy our new annual subscription package & enjoy our award-winning journalism plus everything The New York Times has to offer, including The Athletic, Games and more. Subscribe here.
Administrators were appointed to the company, which was headquartered in Scunthorpe, after attempts to sell Builders’ Merchant Company through an accelerated mergers and acquisitions process failed to secure a buyer.
Mr Mackenzie said: “Unfortunately the construction industry continues to face extremely challenging conditions and the knock-on effect of that is being felt by suppliers including Builders’ Merchant Company.”
Comment Guidelines
National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.