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.
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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??”