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Thu September 19 2024

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Redundancies bite as Roadbridge ceases trading

18 Mar 22 Most of the 215 employees of Roadbridge UK have been made redundant after five days of uncertainty.

When Roadbridge UK was placed in administration on 11th March 鈥 and its Irish parent company in receivership 鈥 staff were sent home while administrators worked out a strategy. On 16th March all but a handful were told that they no longer had a job.

In an update today, Grant Thornton director Rob Parker of 聽UK LLP, speaking on behalf of the joint administrators, said: 鈥淒ue to the financial position of the business, unfortunately the UK business has ceased to trade with the vast majority of the 215 employees being made redundant on 16th March 2022.

鈥淭he joint administrators and their team will now concentrate their efforts on supporting employees through the Redundancy Payments Service claims process during this difficult time, as well as seeking to maximise realisations from the company鈥檚 assets for the benefit of the creditors of the company.鈥

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