Update; Construction News has tweeted that Dawnus has gone into administration
It is a bit of a mystery but according to subcontractors the £170m turnover construction company, Dawnus, has stopped trading so it might be in administration or liquidation. Various projects have seem to have been stopped in Manchester and in around Wales where the business is mostly based.
According to reports, staff who work for Dawnus were called to a meeting on Thursday this morning but were seen leaving and collecting tools from sites
It comes after work on the £12m Kingsway redevelopment in Swansea and a road project in Manchester were both halted. Subcontractors have told reporters that they haven't been paid and one in particular said that it was owed £300k.
The company has made losses in the past and had various problems in Africa with some contracts and it is believed that this has been a drag on the company.
The sudden halting of work appears to have taken the local councils in Wales and Manchester by surprise with roadworks unfinished and schools not likely to be completed before the beginning of the acadamic year in September.
The BBC has tried to contact the company but there has been no comment.
This is a worrying time for the 700 employees of the business.
Categories: What is administration