Hinkley Point subcontractor calls in administrators
Bristol-based Dancourt Construction has appointed an administrator, making it the third subcontractor in the South West and Wales region to enter administration this year.
In 2016, the last year Dancourt filed company accounts for, the firm made a pre-tax profit of 拢210,000 from a 拢15.5m turnover.
An industry source suggested that a rising cost of labour was troubling the company鈥檚 cash flow, however nobody from Dancourt was available to confirm this information.
Dancourt was founded in 2002 and offered plant hire, bulk earth works, ground works, concrete frames and civil engineering services.
The firm worked on several schools in the Britsol area, as well as at Hinkley Point nuclear power stations (pictured), the Ashton Gate Stadium in Bristol, and jobs for the universities of Oxford and West England.
The company has worked with contractors including Sir Robert McAlpine, Willmott Dixon, Vinci and Skanska, as well as developers Barratt Homes.
The administrator is Jonathan Williams, head of business recovery and insolvency at the Bristol office of accountants Bishop Fleming.
The firm鈥檚 entry into administration follows those of Bristol-based Ikon in May, and Neath-based Cuddy Group in July.
黑洞社区 has contacted Dancourt for comment.
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