This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Contractor bought out of administration

01 September 2017

FM contractor and building services provider Selwyn Building Services has been purchased for an undisclosed sum, its administrator has announced.

Stating that it had taken just "a few days" to find a buyer for the company, FRP Advisory confirmed the sale of the business but did not disclose the name of the new owner.

The administrator did confirm that all of the 50 jobs "in place at the time of the appointment" had been saved.

Selwyn Building Services were described as employing 112 people at the end of its 2016 financial year at the end of last October, according to Construction News.

Unsurprisingly, considering its recent administration and reduction in staff numbers, the company reported it had "a difficult year" when filing its accounts last month.

Its managing director, financial director and one other board member had left the business since the start of 2017.

It had suffered a pre-tax loss of £153,907 from a turnover of £10.8m, compared with a turnover of £10.4m turnover for the previous year, which had resulted in a pre-tax profit of £60,013.


Print this page | E-mail this page

MOST VIEWED...


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image Value in creating an all-inclusive company approach

Continuing the discussion on diversity in FM, following PFM’s previous interview with Gary Zetter, featuring comments from the industry’s leading lights on this topic.Full Story...

Sky-high expectations within the vertical city

Beneficial effects of HS2 revealed

Continuing growth predicted for street lighting

http://www.fsifm.comhttps://www.emergencyuk.com/pfmb18https://ccsheretohelp.uk/products-services/buildings/facilities-management/?utm_source=press-display&utm_medium=banner&utm_campaign=buildings-fm&utm_content=pfm-websitehttp://www.pfmawards.co.uk/https://www.daikinapplied.uk/service