Sussex-based Dudman Group, a well-known UK cement import business, has entered administration following cash flow difficulties.
The group was set up from a haulage business more than 20 years ago, now operating a hard rock quarry in Cornwall and several aggregate and concrete outlets in Sussex and Hampshire.
Over the last few years Dudman has expanded its cement importing activities nationally, with terminals at Shoreham, Howden in East Yorkshire, Lowestoft in Suffolk, Garston on Merseyside and Montrose in Scotland, which opened just four months ago. This rapid expansion led to the company’s turnover exceeding GB£30 million, and its staff reaching 140.
In spite of this though, “The construction industry continues to be affected by the tough economic climate and this has been the case with the Dudman Group,” said James Stares of Grant Thornton, now joint administrator of the Dudman Group. “We are currently reviewing the business and identifying what the best option is. We would not be able to speculate as to whether or not there will be redundancies until that review is complete,” he went on.
Adapted from press release by Jack Davidson.
Read the article online at: https://www.worldcement.com/europe-cis/16012013/uk_cement_importer_dudman_administration_836/