Published: 18th Mar 2019

Councils have been forced to put contingency plans in place following the collapse of the Welsh construction firm Dawnus. The Swansea-based building company, which has 700 employees, went into administration last week and has already been dubbed by some as the ‘Welsh Carillion’. The firm involved in a number of regeneration, highways and school building projects up and down the country. It was announced at the end of last week that Grant Thornton has been appointed as administrators for Dawnus. ‘The Dawnus Group has struggled with a wide variety of challenges and despite significant efforts to turn the business around, unfortunately, it has not been possible to rescue the group,’ said Grant Thornton’s restructuring partner, Alistair Wardell. ‘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.’ Another construction giant, Carillion collapsed in … (To read the full article, subscribe below)