News Administrators Appointed Doyle Plc

Construction group Doyle Plc has appointed administrators.

Richard Hawes, Dominic Wong and Chris Farrington, partners at Deloitte, have been appointed joint administrators to both Doyle and its trading subsidiaries including: Blythewood, John Doyle Construction and Ibex Interiors.

The company, based in Welwyn Garden City, employs approximately 290 staff.

In the absence of any funding, there was no alternative but to close the Ibex Interiors and John Doyle Construction businesses, leading to 260 staff being made redundant.

Richard Hawes, joint administrator and partner in the Restructuring Services practice, said: “The group has suffered a prolonged period of difficult trading which has resulted in it being unable to meet its financial obligations. We are in discussions with several interested parties to sell various parts of the business. We will continue to trade the Blythewood business on a limited basis with a view to securing a sale as a going concern.”

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