90 employees have been made redundant at the Norfolk-based contractors while 23 employees will stay on to complete ongoing contracts. McTear, Williams and Wood were appointed administrators and hope to seek a buyer in the next few weeks.
DGT has recently struggled financially due to creditor pressure, a low credit rating and problems collecting in debts. Their biggest creditors are HMRC and the Redundancy Payments Office.
Joint administrator, Chris Williams, said “We can confirm that a number of DGT contracts are currently being completed which will improve the position for creditors, and that 29 staff have been retained to assist with this process.”
DGT Steel & Clading was bought out of administration by Andre Serruys and Van Thurston in 2008 to form the new DGT Structures business. It was hoped the investment would turn the company around.
In 2012, the firm was involved in a watchdog investigation about the collapse of a five-storey church in London because of the steel framework.
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