Glenn Livingstone and Alan Walker of WLP Restructuring were yesterday appointed as administrators for seven entities within the group’s construction division St Hilliers Contracting.
Property development and investment arm St Hilliers Property is not affected.
Works at all of the company’s construction sites have been paused, and about one-fifth of all staff have been made redundant.
“Following the appointment, the administrators have secured and paused all works across St Hilliers’ 21 active construction sites while they undertake an urgent assessment of the business’s financial position and operations,” a statement from WLP Restructuring said.
“As this assessment is completed, approximately 80 staff members will remain employed while 22 have unfortunately been made redundant.”
Livingstone said he was hopeful of construction restarting later this week.
“The administrators are working closely with all stakeholders and staff in order to recommence project works at the earliest opportunity,” he said.
