Julian Pitts and Bob Maxwell of Begbies Traynor have been appointed joint administrators to Wetherby-based construction business Haresign Ltd, which experienced severe cashflow problems following a dispute over work on a wedding venue
Haresign undertook niche construction projects, creating high quality handcrafted buildings including a number of commercial and residential developments around West and North Yorkshire.
The company ran into problems through its involvement in a major construction project to create a new wedding venue at Wharefedale Grange near Harewood Bridge. A dispute arose which led to the contract being terminated, resulting in significant cashflow problems. Haresign has ceased trading with the loss of 11 jobs and it also used the services of a number of subcontractors.
The joint administrators are currently reviewing the issues around the dispute in order to ensure the best outcome for the company’s creditors.
Report by Pat Sweet
