“As a consequence, the future cash flows has meant that the business was not in a position to continue to operate, including completing existing work in progress.<\/p>\n
\u201cWhilst the financial difficulties of the group were not a consequence of Brexit, there is no doubt that Brexit uncertainty impacted the ability to rescue the business.<\/p>\n
\u201cOur priority is to work with management to ensure that any impact on customers, employees and creditors, including subcontractors, is minimised.<\/p>\n
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<\/a><\/div>\n<\/div>\n“That process is at its early stages and key employees continue to be retained to support the required procedures.\u201d<\/p>\n
“Key employees” have been kept on from the firms 700 staff.<\/p>\n
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<\/a><\/div>\n<\/div>\nThe companies in administration are:<\/p>\n
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- Dawnus Group Limited<\/li>\n
- Dawnus Construction Holdings Limited<\/li>\n
- Dawnus Developments Limited<\/li>\n
- Dawnus Southern Limited<\/li>\n
- Churchfield Homes Limited<\/li>\n
- Dawnus Limited<\/li>\n
- Quantum Geotechnical Limited<\/li>\n
- Ashbridge Construction Limited<\/li>\n
- Legsun Limited<\/li>\n<\/ul>\n
The administration does not extend over the international operations of Dawnus International Limited, Dawnus Sierra Leone Limited or Dawnus Liberia Limited.<\/p>\n
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