Sad news as Scudder name is set to die…

Carey Group has announced that it is closing loss-making divisions including demolition arm Scudder as part of a major restructuring.

The other operations closing are Careys New Homes and asbestos arm ION Environmental.

Careys said it will continue to offer demolition services but is dropping the Scudder branding.

Latest results filed at Companies House revealed that the non-core businesses made an operating loss of £16 million from a combined turnover of £88 million.

The move means Careys can now concentrate on its core civil engineering and dry lining businesses.

You can read more here.