Wednesday, September 9, 2009

RJ Barwick in administration

Dover-based construction firm RJ Barwick has entered administration with the loss of over 100 jobs.

The 150-year-old company, which has an annual turnover of around ВЈ25m, called in administrators BDO Stoy Hayward at the end of August.

Richard Barwick, the seventh generation of his family to run the firm, told that the move was вЂњheartbreaking”.

The firm worked predominantly in the schools and social housing sectors and counted Kent County Council as one of its major clients.

Barwick told the paper: “There were not enough work opportunities to sustain the company. I would say the construction industry has been absolutely decimated by the credit crunch and the financial crisis, and construction activity is falling. We’re in probably the hardest recession for public sector building contractors since the war.

Nashville company starts work on hospital in ChinaHaymills in administration