Mann Construction Limited, the Enfield-based civil engineering, groundwork and reinforced concrete provider, entered into administration on 1 April 2009. Jason Baker, Nick O’Reilly and Peter Hughes-Holland, Client Partners at Vantis Business Recovery Services (BRS), a division of Vantis, the UK accounting, tax and business advisory group, have been appointed Joint Administrators.
Commenting on the case, Jason Baker said: “Unfortunately Mann Construction has suffered as a result of the recession in the construction sector. This led to severe cash flow problems, affecting the ability of the company to trade, which in turn affected the progress of work on clients’ sites creating operational issues.
“Intensive discussions were held with a management team with a view to acquiring the business and assets as a going concern, however, because of a high degree of uncertainty about the management team’s ability to secure future contracts for work, they concluded they could not proceed with their proposed acquisition. Consequently, because of the funding deficit, we are unable to continue to trade the business. Regrettably, the business will cease to trade today and we will have to make all staff redundant. We will work hard to support staff in the processing of redundancy claims.”
Mann Construction Limited (in administration) and Mann Environmental plc (in administration) - Notice to employees and creditors
All employees have been sent a letter which should arrive shortly setting out the process for claiming amounts owed from the Redundancy Payments Service.
This letter should answer any general questions pertaining to this process, however, if there are any specific queries these should be addressed to us in writing for the attention of the administrators at our office located in Wigmore Street.
Employees and trade creditors will also shortly receive a circular explaining the circumstances surrounding the appointment of administrators. Due to the level of creditor enquiries if creditors have non-urgent specific questions we would be grateful if they would put these in writing addressed to the administrators.