After severe cash flow problems, the Yorkshire construction company, Southdale Homes, went into administration earlier this week. It’s now been reported that construction giant, Kier Living, has come forward and offered to take on a number of contracts which will also mean taking on around 128 employees.
Based in Halifax, Southdale specialises in providing residential and public buildings, including community and medical centres.
Despite driving forward a period of growth in previous months, the company also lost several major contracts, resulting in poor cash flow. Peter Holder, Lee Causer and Anne O’Keefe from AlixPartners were appointed joint administrators on Thursday. Unfortunately, 87 employees were made redundant with immediate effect.
Kier Living is now working with the administrators to ensure a smooth transfer process. Executive Director, John Anderson, said, “Not only will we be able to use the combined capability and expertise of the two teams to deliver existing developments, we will also be able to expand our offering to a wider range of clients, and deliver projects of an increased scale.”
“I would like to take this opportunity to welcome Southdale employees to Kier and look forward to continuing our journey of growth with them.”
If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an insolvent business. There is a link at the end of the video to the Government website which expands further on what you need to know. We are not involved in the administration, please direct any questions to AlixPartners who are handling the case.