A Nottinghamshire-based contractor has confirmed it is going into liquidation, resulting in mass redundancies. Robert Woodhead Ltd, which is headquartered in Edwinstowe, said the majority of its staff had lost their jobs.
The firm announced on Friday, September 16, that it would be placed into voluntary liquidation. It follows a report by Nottinghamshire Live yesterday of employees taking to LinkedIn to say they were looking for new jobs.
Robert Woodhead Limited said it had taken the decision due to price increases throughout the supply chain, as well as fixed price contracts. Managing director Teresa Westwood said: "The directors are devastated at having to make this decision.
Read more: Staff looking for new jobs over claim Nottinghamshire-based contractor 'ceased trading'
"Having worked tirelessly to mitigate these issues over recent months, ultimately the business faced a range of cash flow challenges in recent weeks that proved insurmountable and concluded that the company could not continue trading."
The company is working with accountancy firm RSM, which will shortly be writing to all creditors to explain the formalities around placing the company into voluntary liquidation. Since the family-run business was established in 1946, the construction company has been involved in a series of major development projects.
The refurbishment of Lincoln Castle’s walls and Victorian Prison and the restoration of the 19th-century Southwell Workhouse are among the works carried out. The firm was also involved in the creation of the new Sherwood Forest Visitor Centre which opened in 2018.
Latest accounts for Robert Woodhead Holdings Ltd for the year to October 31, 2021 show a pre-tax profit of £535,000 from a turnover of £44.3m. Just this year it was named the 65th biggest company in Nottinghamshire, rising from its previous position of 83 in 2019. It had 155 employees at that time.
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