But administrator says 900 of the 1,449 jobs at Daniel Contractors to be safeguarded
More than 450 jobs are under review at Daniel Contractors after the 拢120m-turnover contractor was placed in administration this week.
that is had put plans in place to safeguard 900 of the 1,449 jobs at the North-west contractor, but that the remaining 459 staff were 鈥渦nder review鈥�.
Deloitte said it intends to continue trading two of the firm鈥檚 three main contracts, while the third major contract has already been transferred to an undisclosed third party.
Deloitte said these arrangements should safeguard 990 jobs and ensure these contracts continue with 鈥渕inimal interruption鈥�.
Daniel subsidiary Land and Marine - which employs 284 of the 1,449 staff - has also been placed into administration.
Deloitte said it had received several expressions of interest for the subsidiary and is reviewing the options.
Warrington-based Daniel specialises in water and utilities contracts and reported revenue of 拢117.4m in 2011 and pre-tax profit of 拢1.3m.
It was founded in 1994 by brothers George and Conal Daniel.
The news came as it emerged creditors owed over 拢1m by Daniel applied to the courts last month to have the firm wound up.
A winding up petition from around ten unpaid creditors, led by Manchester-based builder T&K Gallagher, was presented to Daniel on their behalf by solicitors Jeffrey Green Russell on 29 April.
Jeffrey Green Russell mediator Nigel Frost told 黑洞社区 these creditors may contest the administration and pursue their winding up action if the administration is not in their interests. A court hearing is scheduled for London鈥檚 Companies Court on 17 June.
Frost said the creditors involved in the winding up action are owed over 拢1m and also include builder Flynn Group, scaffolders Generation UK and traffic lights supplier Amberon.
Frost said some of the creditors he鈥檚 representing have outstanding bills up to four months overdue.
A further winding up petition was presented to Daniel by solicitors DTM Legal on behalf of creditor A Hand Services, also on 29 April, with a court hearing also scheduled for 17 June.
Deloitte partners Bill Dawson and Dan Butters are managing the administration.
Bill Dawson, joint administrator and partner in Deloitte鈥檚 Restructuring Services team, comments: 鈥淲e are in discussions with the key stakeholders and interested parties of the group in an attempt to sell all or parts of the businesses and we will be briefing the employees about the situation.鈥�
DTM Legal has been contacted for comment.
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