Yorkshire fit-out firm folds after 150 years

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October 12, 2018 – Wakefield refurbishment and office fit-out firm H. Waterhouse & Sons has ceased trading with the loss of 21 jobs.

The firm, which traced it roots back to 1853 when the great grandfather of the current director established the business, called in administrators as work dried up.

Lee Lockwood of Begbies Traynor in Leeds said that the business hit trading difficulties in recent months, experiencing reduced opportunities and continually tightening margins.

“The underlying cause of the company’s failure appears to be a slowdown in development and refurbishment activity in the face of economic uncertainty and, unfortunately, the business simply proved to be unviable.

“It is sad to see a business which has been operating for so long and has been run by the same family for four generations, ceasing to trade in this manner.

“Unfortunately, due to a lack of ongoing projects, there was no prospect of rescuing the business. We are in the process of disposing of the company’s assets and actively pursuing its debts in order to generate the best return for creditors.”

Source:-https://www.constructionenquirer.com/2018/10/12/yorkshire-fit-out-firm-folds-after-150-years/

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