Allenbuild to close Wigan office

Construction firm Allenbuild is to close its regional office in Wigan, following the announcement by its parent company Renew Holdings on Monday that it is withdrawing its operations in the north.

Nottingham-based Allenbuild declined to comment further when contacted by Place but did confirm up to 50 staff are based at the office in Jubilee House.

Within a trading update, Renew Holdings said: "The Board anticipates meeting full year market expectations prior to the impact of exceptional redundancy and restructuring costs.

"The Board has concluded that its presence in the non-specialist and discretionary public spending building markets is unable to provide acceptable and sustainable returns at an appropriate balance between risk and opportunity.

"Renew's building activities in these markets are in the North of England and the Group intends to withdraw from building in these regions when its existing contracted commitments are complete. This will have been achieved by the end of this financial year, other than in respect of the £44m Kirklees Waterfront Campus Project which is proceeding well and is planned to complete in July 2012."

It is understood all staff at Allenbuild's North West office will lose their jobs.

Renew's interim results for the six months ended 31 March 2011 will be announced on Tuesday 24 May 2011.

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