Norfolk jobs at risk as JS Hay building firm collapses
- 12 February 2013
- From the section Norfolk
A construction company which started in business 50 years ago has gone into administration putting 53 jobs at risk.
JS Hay Construction, based in Lingwood near Norwich, worked with local authorities and housing associations.
Several contracts are still under way as administrators try to sell the business as a going concern or in bits.
Matt Howard, of administrators PKF, blamed the construction industry depression and a series of bad debts for the company's collapse.
Among several prestige contracts in Norfolk the company built the new Catholic Church at Little Walsingham, new classrooms at Wymondham College, The Haven at Horning and refurbished Burnham Thorpe rectory.
Mr Howard said: "Despite an excellent reputation for the quality of its work and high level of customer service, the depressed state of the construction sector generally has had a detrimental effect on JS Hay's current financial position.
"This was compounded by some significant bad debts in recent months, which resulted in the directors seeking advice about the company's options."
He added that they were "reviewing the available options" and would "explore whether this duty can be fulfilled by selling at least part of the business as a going concern."
He said that they hoped to safeguard as many jobs as possible but that redundancies were "unfortunately, inevitable".