Ken Skates AM, Minister for Economy and Transport
The Board of Dawnus Construction Ltd have agreed to appoint administrators for the business.
The Welsh Government has worked closely with Dawnus, HSBC Bank and the Development Bank of Wales over many months in order to try and prevent this unfortunate decision by the Dawnus Board.
It is understood that despite this and an approach to the commercial market, supported by a turnaround plan, Dawnus has been unable to secure further funding support for their weakening cash position and were unable to find a potential buyer to save the company.
The business has 700 directly employed personnel across numerous UK sites with its Headquarters in Swansea. This sad decision will also have significant impact on the small and medium sized businesses within their supply chain, many of which are in Wales. Welsh Government officials are working with the Dawnus Board and the administrators to identify a database of the businesses creditors, which will be analysed to fully evaluate the impact on the Welsh supply chain.
We stand ready to facilitate a package of ReAct, DWP and Careers Wales advice to provide support to individuals and companies directly impacted by this decision.
The company hold a number of live public sector contracts in Wales, including schools, flood defence schemes and infrastructure projects and my officials are working with colleagues across Welsh Government departments to minimise the impact.
We will do all we can to support all companies and workers affected by this news.