C&G Concrete call in the administrators
Administrators seeking new owners for C&G Concrete after adverse winter weather hits sales
C&G Concrete Ltd have called in the administrators after sales at the firm were hit by the adverse weather conditions during the winter months of 2010.
The company said it had faced some significant challenges, particularly during the winter when the laying of concrete was not possible due to the severe weather conditions.
The Lincolnshire-based aggregates, ready-mixed concrete and mortar company has been in business for more than 50 years and employs around 120 staff. It has its headquarters in Stamford and operates three quarries and a number of plants in Lincolnshire, Humberside and Cambridgeshire.
According to administrators PricewaterhouseCoopers (PwC), a number of potential buyers have already expressed an interest in the company.
Eddie Williams, joint administrator and director at PwC East Midlands, said: ‘C&G is a well known business within its local markets with a strong reputation for quality and service, which was making significant progress in terms of its performance.
‘There have already been a number of serious expressions of interest in the business and our main priority now will be to quickly progress these interested parties, plus other potential acquirers, to the completion of a sale of the business.’
It is understood that other parts of the group, including FH Gilman, are not subject to the appointment of the administrators and continue to trade as normal.