One of Wales’ oldest construction and property development firms, Jehu, is set to collapse into administration . It has blamed the move on inflationary pressures decimating its cash reserves.
The Bridgend-based firm, which operates across South Wales and the south-west of England, has made 104 employees redundant with immediate effect.
Jehu Group, Jehu Project Services and Waterstone Homes have ceased trading. Insolvency firm Begbies Traynor is handling the administration process. Delivering construction and development projects for housing associations and local authorities in Wales and the south-west of England, Jehu Project Services had 15 live contracts with a remaining total value in excess of £100m.