P&A saves construction contractor from collapse

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Business turnaround and insolvency firm, the Sheffield-based P&A Partnership, has saved Birmingham demolition and ground works contractor Democon by arranging a pre-pack administration.

Democon worked with large property developers including Carillion, Interserve, Lovells and Wates Construction and went into administration after a number of contracts were suspended indefinitely and a dispute over a bill for £150,000. Joint administrator Gareth Rusling said: “Democon has endured a torrid time during the recession, but this deal has rescued the business and the jobs of all employees.”