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Fri August 02 2024

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Wiltshire contractor heads for the exit

7 Mar 13 Wiltshire housing contractor CJ Deighton & Co Ltd is going into voluntary liquidation.

After 30 years in business it is ceasing to trade because of a contractual dispute and lack of business. Its primary business was building work for housing associations.

The company, based in Westbury, took the decision to fold after a meeting with corporate recovery specialist Begbies Traynor.

Begbies Traynor partner Neil Vinnicombe has been advising the company and is expected to be formally appointed as liquidator of the firm in the next two weeks.

Mr Vinnicombe said the company had been hit hard by a large contractual dispute combined with the poor economic climate and the difficulties faced particularly by the construction sector.

He said: “This has been a very good business over the years, and latterly employed some 13 people, but the business has run into cash flow difficulties, and reluctantly we have agreed it will cease to trade.”

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