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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.