Hovering costs blamed for Woodhead going into liquidation

Woodhead has ceased buying and selling and made the vast majority of its workers redundant.

The corporate cited market circumstances and the impression of speedy worth will increase all through the provision chain, coupled with mounted worth contracts as being the basis explanation for its demise.

Teresa Westwood, managing director at Robert Woodhead Restricted, stated: ‘The administrators are devastated at having to make this determination.

“Having labored tirelessly to mitigate these points over current months, in the end the enterprise confronted a variety of money stream challenges in current weeks that proved insurmountable and concluded that the corporate couldn’t proceed buying and selling.”

RSM will shortly be writing to all collectors to elucidate the formalities round inserting the corporate into voluntary liquidation.

Within the meantime suppliers trying to make a declare ought to e mail

002 Constructionline GIF V2

Grant Prior

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