Dawnus: Swansea Construction Company Goes to Administration

The construction company Dawnus – which employs 700 people – has been entrusted to the administration, it was confirmed.

Grant Thornton's directors said the Swansea-based company went bankrupt Friday after stopping work on several projects in the UK.

The entrepreneurs were called to a meeting Thursday where they learned that Dawnus had been entrusted to the administration.

The Kingsway redevelopment work at Swansea, worth £ 12 million, was halted Wednesday due to uncertainty.

A day earlier, diggers had abandoned the improvement program of the Manchester-Salford inner rescue route, worth £ 15 million, while Dawnus had not paid the workers.

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Three school projects in Powys and one road in Fishguard, Pembrokeshire, were also affected.

The manager of an outsourcing company, who did not want to be named, said after the meeting: "We learned that there were problems a few weeks ago and decided to remove some equipment on site by measure precautionary.

"We still do not have the funds, but luckily it's not a significant amount.

"I think we may have had a slight difference from what I've heard about other companies."

What is Dawnus?

Dawnus is headquartered in Swansea but manages construction projects in the UK and abroad.

The company's most recent accounts indicate that the company had achieved a turnover of £ 170m in 2017, but posted a pre-tax loss of £ 1.35m.

Last September, the company had indicated that it employed 700 people.

In addition to domestic construction, he has already worked in West Africa and worked on projects during the Ebola crisis.

In August, during a UK trade mission to South Africa with Prime Minister Theresa May, Dawnus was unveiled in a consortium focused on contracts to help the company. 39; abroad.

The company told BBC Wales in September that she was optimistic about life after Brexit because of job opportunities abroad.