Multiple jobs lost as construction firm goes into administration

Multiple jobs have been lost as a Greater Manchester construction services provider collapsed, a news report in the local business media has been able to find.

Naylor & Walkden Construction Services provided design, fit-out, project management and maintenance services to clients in its specialist sectors of hospitality, leisure, commercial, rail and retail.

The company handled several high-profile projects across the North West. This includes working as the principle contractor for the £134,000 refurbishment of Manchester’s Royal Exchange Theatre in July 2014, undertaking the £200,000 refurbishment of 14 bedrooms and the restaurant at the Grand Hotel in Lytham-St-Annes, and carrying out the £1.9m refurbishment of the four-star Inn on the Square in Keswick.

However, according to administrators, during the first quarter of 2015 the company suffered significant losses on two very large contracts. This had a severe impact on the forecasted short-term cash-flow for the business and as a result the company prepared revised projections to take these losses into account.

Nevertheless, in September 2015, the company discovered that none of the tenders it had participated in had been successful and after reviewing the work in progress it became apparent that the company had to call in administrators.

Restructuring or closure is never a good time for employees and the respective companies’ HR departments, but Time & Attendance North West can help firms navigate easier through these troubled times.

Our systems are user-friendly, innovative and designed for the working environment. They also offer a wide array of features, such as support for contactless smart cards (which would really come in handy in a busy, dusty construction environment), as well as optional finger print biometrics and mobile phone SIM card support.

Moreover, the multi-user, networked, multi site Time and Attendance, Access Control, Fire Roll Call and security system includes European Working Time Directive checking and reporting and allows administrators to save up to 2000 employees, supports extensive shift management and payroll-related operations, the allocation of various pay bands, and much more.

If you’d like to find out more about the extensive range of solutions supplied by Time & Attendance North West, just contact us, we’ll be more than happy to answer any question or query you might have.