60 jobs at risk at civil engineers
A CIVIL engineering firm behind infrastructure projects across Greater Manchester has gone into administration – putting 60 jobs at risk.
Salford-based GPL Group is understood to have suffered from ‘significant cash-flow difficulties’ due to delays with new and current contracts.
It is also understood that the group has been involved in a protracted dispute with a major contractor which is now the subject of legal proceedings. Most operations across the group stopped on August 15.
Now Ben Woolrych and Anthony Collier, partners at FRP Advisory LLP, have been appointed joint administrators.
The group includes subsidiaries GPL Civil Engineering, Galvac Limited, GPL Utilities Limited, GPL Plant Limited and GPL Special Projects Limited.
It specialises in the rail, civil, utility and building sectors and has been involved in the M60 smart motorway scheme and Airport City’s North Spine Road.
In a statement FRP said: “The business had experienced significant cashflow difficulties in recent months due to ongoing delays with both new and current contracts, which meant the firm had no other option than to enter administration.”
Commenting on the appointment, Mr Woolrych said: “Continued issues and delays with contracts meant that it became financially unviable for GPL Group to continue trading. “Our focus now is to find a suitable buyer for the business, while working closely with the directors to ensure that we achieve the best possible outcome for everyone involved.” Last year GPL was named as one of the fastestgrowing companies in the region in the annual Ward Hadaway Greater Manchester Fastest 50 list. Interested parties are asked to contact FRP Advisory on 0161 833 3344. Ben Woolrych of FRP Advisory