Deal to save 拢181m-turnover contractor is expected to be sealed tomorrow
Vinci is poised to buy struggling contractor Haymills, saving it from collapse, 黑洞社区 understands.
As revealed by 黑洞社区 on Friday, it was one of four companies that tabled bids for the 拢181m-turnover firm, which ran into trouble after banker RBS froze its account last month.
The deal is due to be formally tied up tomorrow but the final agreement may not include the company's London operation.
Haymills, which employs 700 staff and specialises in the commercial and residential markets in London and East Anglia, was forced to look for outside investment after its lender RBS froze its bank account last month.
The size of Haymills鈥� debt was not disclosed but a company spokesperson said it was operating with a 拢3m cushion when RBS pulled the plug.
He said: 鈥淩BS moved the goalposts and knocked the wind out of us. It was in the same week that I read a five-page article in the Mail on Sunday about how it was helping small and medium-sized businesses. Don鈥檛 believe everything you read in the papers, clearly.鈥�
