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Construction firm to close

by ArabianBusiness.com staff writer  on Saturday, 13 January 2007

A major East Midlands building firm is to close down with the loss of at least 77 jobs.

Nottinghamshire-based Frudd Construction, which has been run by the same local family for 39 years, blamed a lack of contracts and rising costs.

The firm employs 135 people in two main divisions – construction and contract maintenance.

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Administrator Ernst & Young said it would sell the maintenance division but shut the construction business.

Hunter Kelly, of Ernst & Young, told the BBC: “Frudd’s contract maintenance division is continuing to trade as normal and the company is continuing to service those contracts. As this a separate and profitable division we are hopeful that this will result in a successful sale and preserve the remaining jobs.”

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