Written ByRobert Moore
Marketing Manager
Rob has over a decade of experience in web and general marketing. He has extensive knowledge of the Insolvency sector and has helped many worried directors with their questions.
Rob is now working with the Board at KSA Group Ltd to develop strategic marketing programmes to support the business plan and drive more company rescues.
Readie Construction which had a turnover of £421m has gone into administration with Begbies Traynor.
The administrators put out the following statement
“Unfortunately, the Company will cease to trade immediately and the Joint Administrators will begin to wind down its operations with immediate effect. Creditors of the Company are asked to contact Begbies Traynor on readie@btguk.com to register a claim.
“Having just been appointed, we are assessing the situation and further updates will be made as and when it is appropriate.”
We believe Readie is too risky to continue trading in administration and therefore the newly appointed administrators have closed the business down.
It is highly likely that all employees will leave the business immediately. Also we should add that at least £40m of suppliers and subcontractors bills will go unpaid, hammering many smaller companies in the South East.
If you are impacted by this and need a plan to recover, speak to the rescue experts at KSA Group. Call on the number on the site or email us help@ksagroup.co.uk