Whelan Construction goes into administration
A Newcastle-based construction company has gone into administration, making dozens of workers redundant.
P Whelan Ltd, which trades as Whelan Construction, said it had been struggling with difficult market conditions over the past year.
The company was established in 1972 but has now ceased trading, with its 49 employees made redundant.
Administrator Price Waterhouse Coopers (PwC) is now attempting to find a buyer for the business or its assets.
Nick Reed, director at PwC in the North, said the decision had been reached because the company had insufficient orders to continue to trade solvently.
He said: "There has been less work available in the market and the company has been unable to replace work with new contracts at appropriate margins.
"We have rapidly assessed the ability of the company to meet outstanding customer orders but unfortunately have concluded that the financial position of the company means that the business is not in a position to do so."