Hull City Council contractor on brink of administration
A property services group which does work for Hull City Council could soon go into administration.
Connaught, which employs 10,000, is thought to have a debt of £220million, provided by six different banks.
Shares in the Exeter-based company have dropped dramatically in recent weeks, losing about 90 per cent of their value.
An announcement on the firm's future is expected later today.
10 Comments
by Ellie, Hull
Tuesday, September 07 2010, 11:14PM
“http://news.sky.com/skynews/Home/Business/Connaught-Social-Housing-Group-Which-Employs-10000-People-Goes-Into-Administration/Article/201009115717927?lpos=Business_Carousel_Region_0&lid=ARTICLE_15717927_Connaught_Social_Housing_Group%2C_Which_Employs_10%2C000_People%2C_Goes_Into_Administration”
by Ellie, Hull
Tuesday, September 07 2010, 11:13PM
“Another firm bites the dust - Just announced on Sky News they have gone into administration tonight”
by luke, ope
Tuesday, September 07 2010, 7:15PM
“thats a good point sally,maybee the council should tell tenants to do it there self it will prob be done to a etter standard and there will be no need to have a contractor they can all be layed off”
by luke, ope
Tuesday, September 07 2010, 7:01PM
“Mike i prob earn more money in a month than you do in a year and i have never claimed benefits in my whole life”
by sally, hull
Tuesday, September 07 2010, 6:36PM
“agree with you mike - didn't realise that you could call someone for free to change a light bulb or replace washer in a tap -- DIY??”
by Mike, Hull
Tuesday, September 07 2010, 6:21PM
“Maybe you Luke could look after your property save having it bodged as you say or train and get a job as a maintance technician who knows the world is your oyster you lazy benefit grabbing k++b”
by luke, ope
Tuesday, September 07 2010, 5:59PM
“who will be able to bodge all the work now??”
by steve, thorngumbald
Tuesday, September 07 2010, 4:36PM
“will that be an end to the brown envelopes for time been????”
by sally, hull
Tuesday, September 07 2010, 4:13PM
“has anymore info come through - havent heard anything since this am -”
by PETER, EAST YORKSHIRE
Tuesday, September 07 2010, 10:16AM
“Just amazing. Then Darren Minns wants to control inward investment into the Hull area. God help us.”