Alaway Limited enters administration as work in the sector falls
Scunthorpe care sector contractor Alaway Limited has gone into administration citing a lack of work in the sector.
Alaway, established in 1994, worked in the elderly care, psychiatric care and hotel and leisure sectors but the business saw turnover nearly half in the last year.
In its accounts for the year to 31 October 2012 it reported revenue of 拢13.8m, down from 拢24.3m the previous year.
Speaking to 黑洞社区, director Chris Pidd said the firm had suffered from a lack of work in the market.
鈥淭here has been downturn in the sectors we have been working and margins have been squeezed as well,鈥� he said.
He added he hoped to 鈥渟alvage鈥� part or all of the business through the administration.
He said the fate of the 15 jobs at the firm had not yet been decided.
Joint administrators Christopher White and John Russell from accountants P&A Group were appointed on 29 December 2013.
No comments yet