Jobs to go at Jersey and Guernsey building firms

Forty people have lost their jobs after two Channel Islands building companies announced they had gone into liquidation.

The firms affected are Building and Technical Services CI in Guernsey and its sister company Air Conditioning Jersey.

Thirty-seven jobs have gone at the Jersey firm and three in Guernsey.

A spokesman for both companies said a meeting was held earlier after which both companies stopped trading.

Adrian Rabet, director of recovery and insolvency at liquidators Moore Stephens, said: "The companies are insolvent and there doesn't seem to be a rescuer on the horizon so the companies are both going into liquidation."

He said the firms would be wound down.

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