Norfolk building firm goes into administration with 24 job losses
Norfolk-based building contractor W.S. Lusher & Son has gone into administration with the loss of 24 jobs although a buyer is being sought for the 92-year old company which holds a Royal Warrrant. The firm had incurred trading losses in recent years and a sale of the firm’s yard to recapitalise the business was unable to be completed in time. Director Mark Lusher said: We have given everything we’ve got to make it work, but we’ve been up against too many factors. We very much hope that a potential buyer may see a business opportunity.’ Norwich-based McTear Williams & Wood is continuing to trade the business while seeking a buyer as a going concern.
Andrew McTear said: ”The company’s strengths are its long standing reputation and skill base. Since 1978 the company has held a Royal Warrant for its work at Sandringham House.” Founded in 1924, the chartered firm employed 32 site operatives and 24 redundancies have been made. It works mainly in specialist property restoration and improvement and had a turnover approaching £3.8 m. It operates from a two acre leased site in north Norwich. Enquiries to Sophie Barry on 0800 331 7417. The freehold Sprowston premises, leased by Lushers, remains on the market and could be part of a package. Details from Arnolds Keys on 01603 620551 or gareth.mears@arnoldskeys.com