Conrad Beighton and David Griffiths of Leonard Curtis Business Rescue & Recovery were appointed as Joint Administrators of Arthur M. Griffiths & Son Limited on 6 August 2021.
Arthur M Griffiths & Son Limited is a building contractor based in Wolverhampton.
The Company had encountered continuous, ongoing difficulties within the construction industry, as a result of the ongoing pandemic and issues associated with Brexit.
Current volatility in availability and prices of construction materials made the completion of existing contracts on site and any new contracts in the near future unprofitable and therefore unviable.
Ongoing COVID risks have also further complicated matters, and caused delays in completion of projects.
On appointment, 44 employees were made redundant, and the Joint Administrators are assisting former staff with claiming their entitlements.
The Joint Administrators are now taking steps for an orderly wind-down of the Company and to ensure that maximum realisations are achieved for the benefit of creditors.
Leonard Curtis Business Rescue & Recovery is part of the Leonard Curtis Business Solutions Group.
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