Cheltenham plumbing and electrical business collapses with the loss of 69 jobs

A plumbing, heating and electrical business in Cheltenham collapsed, leading to the loss of 69 jobs.

Shackleton, Wintle and Lane (SW&L), which was established in 1983 and is based in Leckhampton, has been placed in administration and has now ceased trading.

The company operated in the construction and real estate sectors, working on projects including new housing construction projects, bespoke property renovations and carrying out heating, plumbing and electrical work, repairs and domestic facilities.

Mark Boughey and Rebecca Dacre, partners in auditing, accounting and advisory group Mazars, were appointed joint administrators by the court on October 11.

According to Mazars, SW&L had recorded strong profitability and 10% year-on-year sales growth in the first half of the year ending July 31, 2020, but the impact of the Covid-19 pandemic, with the associated lockdowns, resulted in an almost complete shutdown of the business resulting in losses of around £400,000 during the year.

It is understood that the pandemic continued to plague the business in 2021, with global material shortages, building material price increases and labor shortages, meaning the business will not has been unable to meet a significantly increased demand for its services as restrictions have eased.

During this period, sales continued to decline and SW&L racked up further losses, Mazars said.

As a result, the directors decided that the company had no choice but to officially cease operations and be placed in receivership.

Mr Boughey said: “It is sad to see a company like Shackleton, Wintle and Lane Limited fail as a direct result of the prolonged impact of the Covid pandemic, after trading successfully for nearly 40 years.

“The administrators had to make the difficult decision to cease trading and enter administration to prevent the situation for creditors from worsening and we are now working closely with the company to oversee the liquidation of the affairs of the company. company for all of its financial stakeholders.”

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