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Wrekin Construction Co. Ltd. files for protection

Wrekin Construction Co. Ltd. files for protection

British engineering and construction firm Wrekin has filed for a form of bankruptcy, its administrators said Tuesday, putting 600 jobs at risk.
Wrekin Construction Co. Ltd. filed for administration "as a direct result of the economic downturn," Ernst & Young said in a statement. The process is similar to bankruptcy insofar as administrators try to salvage as much of the company as possible for the benefit of its creditors.
The Shifnal, England-based company provides a range of civil engineering, rail, and utility services and has completed projects for Britain's military and infrastructure company Carillion PLC. It employs about 600 people.
Ernst & Young said it would be reviewing the financial position of the business over the next few days.
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http://www.wrekin.co.uk/index.aspx


Updated : 2021-07-24 18:43 GMT+08:00