Godiva Group has gone into administration leaving around 35 staff jobless.
The Coventry based business with offices also in Manchester and Leeds called in the administrators on Thursday 7th May. Work on all ongoing projects has stopped the company has said.
The award-winning firm which was established in 2014 recently completed works on Coventry’s tallest new build and at peak trading employed more than 100 people. The business offered a full range of access, scaffolding and temporary works solutions in the West Midlands.
In 2019 they turned over £6 million in revenue and scooped two Coventry Business Excellence Awards.
ScaffMag understands that in recent months the scaffold contractor had suffered from challenging trading conditions resulting in reduced margins and contract disputes with slow or non paying clients. And the onset of the current Covid-19 crisis has delayed the commencement of a number of significant projects for the firm has subsequently sent Godiva to the wall.
Colin Taylor, Group Managing Director at Godiva said: “The already problematic trading conditions we faced has been greatly exacerbated by the Coronavirus lockdown which has made our financial position unsustainable.
“It’s with great regret we have been forced to close the business. I would like to thank all our loyal employees that remained with us until the end for their hard work and dedication.
“I will be providing any assistance to all our employees during this exceptionally difficult time.”