{"id":96707,"date":"2021-07-23T10:16:47","date_gmt":"2021-07-23T09:16:47","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=96707"},"modified":"2021-07-23T10:16:47","modified_gmt":"2021-07-23T09:16:47","slug":"cleveland-bridge-administration","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/cleveland-bridge-administration\/96707\/","title":{"rendered":"Cleveland Bridge on the brink of collapse with 300 jobs at risk"},"content":{"rendered":"

Cleveland Bridge<\/a>, a structural engineer founded 144 years ago, has fallen into administration, as administrators say the Covid-19 pandemic is to blame<\/h2>\n

FRP Advisory<\/a> has been appointed as administrator and revealed that pandemic-related delays to infrastructure work had taken its toll on Cleveland Bridge.<\/p>\n

FRP is now urgently seeking a buyer to protect as many jobs as possible.<\/p>\n

Cleveland Bridge<\/a> has 221 staff at its Darlington headquarters and satellite office in Newport and nearly 100 contracted workers on its books.<\/p>\n

\u2018A flagbearer for cutting-edge engineering\u2019<\/h3>\n

Martyn Pullin, partner at FRP, said: \u201cCleveland Bridge UK has been a flagbearer for cutting edge British engineering for more than a century.<\/p>\n

\u201cBut no business is immune to the far-reaching impact of the pandemic<\/a>, which has delayed major infrastructure projects around the world and put significant financial pressure on the teams behind them.<\/p>\n

\u201cCBUK is a business with a proud history and a formidable track record of engineering excellence. It also has great potential and should attract interest from the steel fabricants sector and other firms looking to break into the specialist bridge-building market. Unfortunately, without significant investment, the business will be wound up. That is why we\u2019re calling on any interested parties to come forward.<\/p>\n

\u201cRegrettably, the business is unable to continue operating at its current capacity. We are urgently reviewing contracted work in progress to determine the shape of the business going forward.\u201d<\/p>\n

Tees Valley mayor Ben Houchen said: \u201cCleveland Bridge is a business with an amazing heritage that has been responsible for some of the world\u2019s most iconic structures, including the Sydney Harbour Bridge and the Shard skyscraper in London. The skills of its workers are second to none and have led to the company having an enviable global reputation.<\/p>\n

\u201cThe company has a full order book for the next 18-months, this coupled with the firm\u2019s history, expertise and highly skilled workforce<\/a> makes me optimistic that a buyer will come forward quickly for the business.\u201d<\/p>\n

Cleveland Bridge\u2019s collapse has caused alarm in the North East, where it is a substantial employer.<\/p>\n

The collapse of Cleveland Bridge is a cause of concern in the North East.<\/p>\n

Tees Valley mayor Ben Houchen, said: \u201cCleveland Bridge is a business with an amazing heritage that has been responsible for some of the world\u2019s most iconic structures, including the Sydney Harbour Bridge and the Shard skyscraper in London.<\/p>\n

\u201cThe skills of its workers are second to none and have led to the company having an enviable global reputation.<\/p>\n

\u201cThe company has a full order book for the next 18-months, this coupled with the firm\u2019s history, expertise and highly skilled workforce makes me optimistic that a buyer will come forward quickly for the business.\u201d<\/p>\n

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

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