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More than 100 jobs to go as construction firm goes bust

The company is set to enter voluntary liquidation on 22 August. Credit: ITV Wales

A Welsh construction company has gone into liquidation resulting in the loss of 102 jobs.

Contract Services (South Wales) Limited has traded in Port Talbot and Caerphilly for the last 21 years.

The company faced unexpected cash flow pressures earlier this year and as a result, the company ceased trading on 11 August.

Business rescue and recovery specialists Begbies Traynor will help the company enter the process of liquidation.

It is disappointing to see a leading Welsh business have to close its doors in this way after many years of successful trading, particularly one that prided itself on supporting a local SME supply chain, the communities it worked in and its employees through training and being an early adopter of the Living Wage.

We will be writing to all creditors over the course of the next few days with details of the liquidation process.

– Huw Powell, partner at Begbies Traynor

Contract Services (South Wales) Limited is set to enter voluntary liquidation on 22 August.

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FSB says losing the electrification scheme "risks a psychological blow to economic confidence"

Credit: PA

The Federation for Small Businesses (FSB) says the decision to scrap the rail electrification between Cardiff and Swansea "risks a psychological blow to economic and business confidence."

The promise to electrify the railway line as far as Swansea – made repeatedly by the past two Secretaries of State and the wider UK Government – was not just about cutting journey times, but was also about providing a 21st century infrastructure for business and showing ambition and growth for South and West Wales.

There has for some time been a unanimity of both business and political voices outlining the opportunity of electrification to Swansea and so it is disappointing that despite this consensus, the UK Government has chosen not to deliver against this proposal.

Losing the electrification scheme risks a psychological blow to economic and business confidence which comes at a time that we can ill afford it.

We would call on the UK Government therefore to commit now to other vital projects which can bolster economic confidence particularly the Swansea Bay Tidal Lagoon, the decision for which is now long-overdue but which we have always seen as a vital part of economic regeneration in the area.

We are reassured by proposals and commitments to upgrade and improve rail infrastructure west of Swansea which will serve to help open up the rest of the City Region and we look forward to hearing early detail on how these proposals will be developed.

– Janet Jones, FSB Wales Policy Chair
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