{"id":613364,"date":"2023-03-02T05:52:02","date_gmt":"2023-03-02T11:52:02","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/02\/herts-contractor-collapses-with-70-job-losses\/"},"modified":"2023-03-02T05:52:02","modified_gmt":"2023-03-02T11:52:02","slug":"herts-contractor-collapses-with-70-job-losses","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/02\/herts-contractor-collapses-with-70-job-losses\/","title":{"rendered":"Herts contractor collapses with 70 job losses"},"content":{"rendered":"<div id=\"wrapper_sleeve\">\n<div>\n<p><span>Hertfordshire-based firm Jarvis Contracting has appointed administrators and made 70 staff redundant.<\/span><\/p>\n<p><span>The \u00a343.8m-turnover company was based in Harpenden and worked in the residential, health, industrial and education sectors.<\/span><\/p>\n<p><span>A statement from administrators at Verulam Advisory blamed unsustainable contract terms for its downfall.<\/span><\/p>\n<p><span>\u201cThe company has suffered adverse market conditions in the past two years, including supply chain problems and unexpected inflation, which have made the delivery of long-term fixed-price contracts unviable,\u201d it said.<\/span><\/p>\n<p><span>\u201cThe result has been significant trading losses with no signs of a recovery in the foreseeable future.\u201d<\/span><\/p>\n<p><span>In its last published results, for the year ending 30 April 2022, it posted a pre-tax loss of \u00a32m, down from the previous year\u2019s profit of \u00a3262,000.<\/span><\/p>\n<p><span>The company\u2019s turnover fell from \u00a349.5m to \u00a343.8m.<\/span><\/p>\n<p><span>In a statement issued alongside the results, director Emma Parkinson blamed the war in Ukraine, supply chain shortages, and inflated energy and fuel costs for the losses.<\/span><\/p>\n<p><span>\u201cThese impacts, along with changes in industry regulation and a failing planning system, has [sic] made conditions even more challenging for an industry that was already navigating its ways through extremely challenging times, with a chronic shortage of skilled trades post-Brexit,\u201d she said.<\/span><\/p>\n<p><span>The company is a subsidiary of the \u00a364m-turnover Jarvis Group, which is not in administration.<\/span><\/p>\n<p><span>The administrators said that other companies in the group, including Jarvis Homes, remain profitable and continue to trade normally.<\/span><\/p>\n<p><span>Jarvis Contracting<\/span><a href=\"https:\/\/www.constructionnews.co.uk\/buildings\/kier-and-morgan-sindall-among-winners-on-1bn-framework-17-01-2023\/\"> <span>landed a place on Pagabo\u2019s \u00a31bn framework for medium-sized projects<\/span><\/a><span> in January.<\/span><\/p>\n<\/p><\/div>\n<h3>Related articles<\/h3>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.constructionnews.co.uk\/financial\/administrations\/herts-contractor-collapses-with-70-job-losses-01-03-2023\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Ian Weinfass<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hertfordshire-based firm Jarvis Contracting has appointed administrators and made 70 staff redundant. The \u00a343.8m-turnover company was based in Harpenden and worked in the residential, health, industrial and education sectors. A statement from administrators at Verulam Advisory blamed unsustainable contract terms for its downfall. \u201cThe company has suffered adverse market conditions in the past two years<\/p>\n","protected":false},"author":1,"featured_media":613365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26535,116141],"tags":[],"class_list":{"0":"post-613364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-contractor","8":"category-herts"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/613364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=613364"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/613364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/613365"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=613364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=613364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=613364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}