Pandemic project delays pushes Cleveland Bridge into administration ...United Arab Emirates

Engineering and steel fabrication firm Cleveland Bridge has fallen into administration as a result of delays on several of its global infrastructure projects, bought on by the outbreak of COVID-19. The firm is owned by Saudi-based Al Rushaid Group. According to a report by Construction Index, joint administrators Martyn Pullin, David Willis, and Iain Townsend of specialist business advisory firm FRP have been appointed to help save the firm. The firm has 221 staff at its Darlington headquarters and satellite office in Newport, which opened in 2018. The business also has nearly 100 contracted workers on its books. The firm’s finances are said to have been heavily impacted when a major bridge-

Hence then, the article about pandemic project delays pushes cleveland bridge into administration was published today ( Monday 26/07/2021 - 11:45 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Pandemic project delays pushes Cleveland Bridge into administration )

For more, read the news from the source

Last updated : 26 July 2021 clock 11:45 AM

Also on site :

Pandemic project delays pushes Cleveland Bridge into administration ...United Arab Emirates

Azizi signs over US $100mn in property sales every day

Authorities close several roads due to incident at Dubai International Airport

Timothee Chalamet is brutally SNUBBED for Michael B Jordan after humiliating Oscars night where he was the butt of every joke... and his response said it all

First Avenue signs Jadwa Al Shorfa for mixed-use project in Riyadh

Iran conflict hasn't hit the property market... yet, says Rightmove

Viral Gen Alpha trend behind spate of car vandalism as bemused drivers find '6-7' scratched onto their cars

Weather forecast predicts clear skies and rainfall

MARK ALMOND: Trump has belittled and scorned his allies. No wonder so few of them are now willing to help

Timothee Chalamet's ballet comments make him laughing stock of Oscars as Kylie tries to protect him from host AND winners' ridicule

Boss ordered to pay Irish bookkeeper £23,000 after calling her 'potato' says he thought it was 'workplace banter' but realises he got it 'badly wrong'

Egypt disburses EGP 18.5B in social protection support since February

Taiz – Al-Masawi reviews preparations of parks to receive visitors during Eid al-Fitr Holiday

'We will not be drawn into the wider war': Starmer knocks back Trump's call for British ships in the Strait of Hormuz - despite president warning he 'will remember'