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| Hundreds of jobs go at builders | Hundreds of jobs go at builders |
| (5 days later) | |
| Hundreds of redundancies have been made at Wrekin Construction Group after it went into administration. | |
| Administrators Ernst & Young said the 420 redundancies at bases across Shropshire, Yorkshire, Northamptonshire and Cheshire were announced on Tuesday. | |
| A skeletal staff of 70 has been kept on at the Shropshire headquarters to help administers "wind down the business", a spokesman for the accountants said. | A skeletal staff of 70 has been kept on at the Shropshire headquarters to help administers "wind down the business", a spokesman for the accountants said. |
| Wrekin said it had millions of pounds of orders but had cash flow problems. | Wrekin said it had millions of pounds of orders but had cash flow problems. |
| It was announced on Tuesday that the firm had gone into administration. | It was announced on Tuesday that the firm had gone into administration. |
| The firm blamed Royal Bank of Scotland (RBS) for its predicament because the bank would not extend credit to cover cash-flow problems. | The firm blamed Royal Bank of Scotland (RBS) for its predicament because the bank would not extend credit to cover cash-flow problems. |
| However, RBS said Wrekin was unsustainable due to "creditor pressure". | However, RBS said Wrekin was unsustainable due to "creditor pressure". |
| Wrekin also has subsidiaries in Staffordshire and Scotland. | Wrekin also has subsidiaries in Staffordshire and Scotland. |