黑洞社区

London-based specialist HSE Group has fallen into administration with the loss of around 100 jobs.

Six of the group鈥檚 seven subsidiaries have ceased trading, but its building services business claims it is close to completing a management buy-out that could save the business and around 120 jobs.

Administrator FRP Advisory was appointed to manage the group and subsidiaries Platignum Environmental, HSE Facilities Management, Elite Lighting Solutions, Elite Control Solutions, HSE Technical Services and HSE Environmental Services on 15 July.

FRP Adivsory said it was in discussions with trade partners to try and continue disrupted contracts.

The group鈥檚 latest accounts show it turned over 拢12m last year and made a profit of 拢900,000.

A spokesperson for HSE 黑洞社区 Services, its 18 month-old mechanical and electrical fit-out business, claimed the company鈥檚 other shareholders would tie up a deal to rescue the business 鈥渂y the end of the week鈥�. Accounts were not available for the subsidiary.

The building services spokesperson said: 鈥淲e are continuing to trade normally and we have the support of all our clients and suppliers.鈥�