Construction Enquirer News Warrington based Cruden Construction lines up administrators
Cruden Construction has filed a notice of intent to appoint an administrator.
Industry credit reference agency Top Service reported that the notice was filed on Friday.
The move protects companies from legal action by creditors while finance talks continue.
Latest accounts posted for Cruden Construction show the firm made an operating loss of £2.3m from a turnover of £38m during the year to September 30 2018.
One Cruden employee wrote on social media: “Friday was a very sad day for myself and all of my work colleagues who are part of the Cruden family.
“It’s been a pleasure to work with you all and a huge thank you for all your support, advice, encouragement, guidance and the enjoyable times throughout the last 20 years.
“Good luck in your future careers, hopefully our paths will cross again. Best wishes to you and your family during this uncertain period.”
Another added: “A number of companies will be getting some excellent people that’s for sure. It’s a hard pill to swallow but I’m confident that everyone will get fixed up over sooner rather than later.”
The 55-year-old Warrington based contractor has been contacted for comment.