This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close

APPOINTMENT: Jarvis

Administration

Jarvis, the engingeering group collapsed into administration, after banks refused to offer support to keep the York-based company trading. About 2,000 jobs are under threat. The group’s demise is despite signing a £55m contract to upgrade Chiltern Railways. Unfortunately, Jarvis plc reached a position where a substantial funding gap meant they were unable to continue trading.

Nick Edwards, of Deloitte, was appointed joint administrator on Friday. He said: “Unfortunately, Jarvis plc reached a position where a substantial funding gap meant they were unable to continue trading.

“Our immediate priority will be to work with stakeholders to stabilise the business while we identify which parts we can continue to trade and seek buyers for as going concerns.”

Appointment date26 March 2010
Employees2000
Insolvency practitioners Nick Edwards @ Deloitte LLP

Deloitte LLP