News

Administrators dealing with Bodmin Blocks say they have been encouraged by the response from potential buyers of the construction haulier.

Business advisers from Deloitte were appointed at the St Austell, Cornwall-based business following a significant slowdown in the construction sector ('Two construction hauliers call in the administrators' CM 15 October 2009).

The company employs around 80 staff and operates 60 vehicles at its 18-acre site. It is involved in the transport of aggregates,  haulage, sand, block and decorative goods, and its customers have included Jewson, Travis Perkins and Aggregate Industries.

Bodmin Blocks is a subsidiary of minerals and aggregates processor MMC Southern, which made a pre-tax loss of £36,000 for the year ending 31 March 2008.

Despite going into administration, the business continues to trade as a going concern "due to improving economic conditions and new opportunities emerging in the building products market," according to Deloitte associate partner Robin Allen. No redundancies have been made.

Hopes are high that it can find a buyer, and Deloitte tells CM potential purchasers have already made contact.

A spokeswoman says: "The response has been very encouraging, and there has been a good level of interest in the business. Deloitte is continuing to trade the business while seeking interested parties to acquire Bodmin Blocks - it is business as usual."

All calls made to MMC were directed to  Deloitte.