Beds, Herts & Bucks

Up to 220 jobs go at joinery firm Swift Horsman

Up to 220 jobs are to go at a multi-million pound bespoke joinery firm after the company called in the administrators.

Swift Horsman, which is based in Stonyhills, near Ware, Hertfordshire, and Dalbeatie, near Dumfries, Scotland, was placed in administration on Monday.

It makes and installs high quality pre-fabricated washroom fit-outs for businesses.

Administrators PwC said it hoped to sell the firm.

Karen Dukes, joint administrator and partner at PwC, said: "The company has suffered as a result of cost overruns on recent projects, impacted by the difficulties in the construction sector.

"The directors have been attempting to sell the business, but no buyer could be confirmed and they had no option but to place the company into administration.

"Unfortunately, we have had to make all the employees redundant immediately and will now be seeking a sale of the business and assets."

Swift Horsman's website says the firm has a turnover of £40m.

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