{"id":60333,"date":"2019-07-19T09:37:45","date_gmt":"2019-07-19T08:37:45","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=60333"},"modified":"2019-07-19T09:37:45","modified_gmt":"2019-07-19T08:37:45","slug":"jistcourt-redundancies","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/jistcourt-redundancies\/60333\/","title":{"rendered":"Further redundancies announced at contractor Jistcourt"},"content":{"rendered":"

Administrators for the Port Talbot based contractor Jistcourt have revealed that more workers have been made redundant following the company\u2019s administration<\/h2>\n

Jistcourt South Wales Limited appointed\u00a0Huw\u00a0Powell<\/a> and\u00a0Katrina Orum<\/a>\u00a0of Begbies Traynor as joint administrators on 27 June 2019.<\/p>\n

Commenting on the current situation, Huw Powell, partner at Begbies Traynor<\/a>, said: \u201cFollowing our appointment, we identified one project capable of reaching practical completion. This was achieved successfully thanks to the hard work of the remaining staff and the willingness from Bristol City Council to work with the team.<\/p>\n

\u201cUnfortunately, a further 11 further redundancies have now been made. A small number of employees are still in place while we gather information to help us fulfil our duties as administrators.<\/p>\n

\u201cWe continue to work with the remaining contract employers, with the assistance of an external quantity surveyor in an attempt to maximise returns for creditors.<\/p>\n

\u201cWe will be issuing our statement of proposals to creditors during the next month.\u201d<\/p>\n

An auction of the company\u2019s assets<\/a> is currently being run by chartered surveyors, Eddisons, with the chance to view the lots at sites in Tenby and Port Talbot on 24 July.<\/p>\n

Jistcourt was a \u00a313m turnover firm and had been in business since 1980. It worked from the far West of Wales to the South West of England.<\/p>\n

Powell of administrators Begbies Traynor previously told the\u00a0BBC<\/em>\u00a0that \u201cchallenging, loss-making projects\u201d caused cash problems.<\/p>\n

He said: \u201cDespite a strong order book, this has left the business with a legacy of debt and no way of rectifying the situation.<\/p>\n

\u201cReluctantly, the directors have taken the difficult step of making 47 of their 66 employees redundant.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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