Comment – HCL and the ruby connection…

Familiar name, familiar outcome as HCL slides into abyss.

When Lee Demolition and Euro Dismantling Services (EDS) slid unceremoniously into the industry dead pool recently, their untimely demise was greeted with an industry-wide outpouring of support for the workers.

There has been a similar reaction to the news that HCL Equipment Contracts has followed the same, well-trodden path to the financial abyss. But this time, it has been tempered with question marks and anger over at least one of the names linked with the company.

The name David Unwin will be familiar to anyone that followed the farcical Wrekin Construction “Gem of Tanzania” debacle which saw Unwin and a fellow director barred from directorship having balanced the company books with a “ruby gemstone” claimed to be worth £11 million but which eventually sold for just over £8,000.

Although records at Companies House show that Unwin directorship of HCL was terminated in October last year, it also shows that his son – also David – is listed as a director while a Miss Emma Louise Unwin is listed as company secretary.

If that weren’t intriguing enough, then what about the fact that HCL shares a registered address with another demolition company – Euro Demolition and Dismantling Services – with David Unwin Jnr again listed as a director.

Coincidence or potential comeback vehicle. Only time will tell.