BBC News - Connaught administration puts 10,000 jobs at risk
Nearly 10,000 jobs are at risk as the property and environmental services giant Connaught faces collapse.
The company, which specialises in social housing, is on the brink of going into administration, the BBC has learned.
In an announcement to the London Stock Exchange, Connaught said it had tried to secure funding for its £220m debts.
But funds were "not forthcoming", the group said. Trading in Connaught's shares has now been suspended.
Nearly 10,000 jobs are at risk as the property and environmental services giant Connaught faces collapse.
The company, which specialises in social housing, is on the brink of going into administration, the BBC has learned.
In an announcement to the London Stock Exchange, Connaught said it had tried to secure funding for its £220m debts.
But funds were "not forthcoming", the group said. Trading in Connaught's shares has now been suspended.
Comment