Walter Forshaw closes its doors after 85 years in business.
Bolton-based Walter Forshaw Ltd has called in the receivers.
Established in 1921, Walter Forshaw Limited had developed an enviable reputation within the demolition industry across the UK. Founded by Jessie Forshaw, the family-owned business grew to become one of largest demolition contractors in the North West of England. The company is thought to have employed approximately 60 staff.
Just a month ago, the company was putting the finishing touches to a major tower block contract in Blackpool.
But rumours about the company’s liquidity had circulated within the industry for more than 18 months. Indeed, in November last year, Forshaw managing director Andrew Forshaw quit as vice president of the National Federation of Demolition Contractors and relinquished his shot at the presidency to concentrate on his family’s business.
DemolitionNews understands that CG Insolvency in Manchester has been appointed as administrator.
