Scunthorpe contractor posted 拢470,000 loss last year
Scunthorpe-based contractor Clugston Group is understood to be close to collapse, threatening hundreds of jobs.
Administrators are believed to be meeting some of the firm鈥檚 600 staff, 400 of whom work in the construction operation, at the contractor鈥檚 office today.
The firm dived into the red last year after what it said was one of the most challenging periods in its history, posting a 拢470,000 loss versus a 拢1m pre-tax profit in 2017. The group reported turnover in 2018 of 拢175.4m, with 90% of that coming from construction activities.
Staff have taken to social media to express their surprise, with one saying: 鈥淚t鈥檚 a very sad day.鈥�
Another said: 鈥淎bsolutely devastated to hear the news about Clugston. Please if you know of any jobs 鈥� let me know. To everyone I work with, also affected just before Christmas, it鈥檚 been an absolute pleasure to work with you. I鈥檓 just left feeling numb.鈥�
Clugston Construction鈥檚 LinkedIn page had posted a picture at its head office saying 鈥渋t was beginning to look a lot like Christmas鈥� less than eight hours before employees were told the firm was closing.
Local media is reporting that staff have been told not to expect their last pay cheque.
The Civil Engineering Contractors Association (Ceca), which has 75 member firms in the north east, said it would offer support to try to place workers with new employers.
Ceca would 鈥渁lso use its wider regi