Welsh contractor in last-ditch bid to save business.
DemolitionNews understands that leading Welsh demolition contractor and National Federation of Demolition Contractors member Cuddy Group is working with administrators in an attempt to save the ailing business.
Cuddy Grouop sliding into administration is a further blow to an industry that has seen two big-name contractors – KDC Contractors and Maylarch – acquired by waste management companies in the past week, and which has seen Liverpool-based Sloyan Doyle closing its doors.
The developments at Cuddy Group also appear to have come as something of a surprise to the company itself. As recently as the end of June, it was seeking to recruit new staff via its Facebook page.
However, some unusual activity listed on the Cuddy Group listing at Companies House will have raised eyebrows. On 1 June 2018, two new directors were appointed: Yasmin Cuddy, daughter of company principle Michael Cuddy; and her fiancé Owain Davies. Davies resigned just 27 days later while Yasmin Cuddy resigned as a director on 7 July 2018.
Cuddy Group is thought to employ in the region of 170 people across its demolition, asbestos, scaffolding, remediation, plant and transport and civil engineering divisions.