Chase Norton Construction

Type
Internal restructuring
Country
United Kingdom
Region
West Midlands (England); West Midlands; Solihull
Location of affected unit(s)
Meriden
Sector
Financial / Insurance/ Estate
68 - Real estate activities
68 - Real estate activities with own property and development of building projects
68.1 - 68 - Real estate activities with own property and development of building projects
107 jobs
Number of planned job losses
Job loss
Announcement Date
4 July 2008
Employment effect (start)
Foreseen end date
4 July 2008

Description

Construction firm Chase Norton Construction Limited has gone into administration and 107 redundancies have been made. The company was unable to pay staff due to a lack of working capital. The remaining staff are assisting administrators, accountancy firm PricewaterhouseCoopers, with the sale of the business.

Sources

  • 4 July 2008: BBC Website

Citation

Eurofound (2008), Chase Norton Construction, Internal restructuring in United Kingdom, factsheet number 66832, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66832.