FIFTY-FIVE jobs have been lost after a buyer could not be found for Hartlepool building firm Yuill Homes when it went into administration.
Stephen Ross and Ian Kings of accountants Baker Tilly were appointed joint administrators of the town-based business when it encountered financial troubles in February.
The company has continued to trader while looking for a buyer for the business.
But a Baker Tilly spokesman has confirmed: “Unfortunately, it was not possible to secure a sale of the business as a going concern and, as a result, the company ceased to trade on March 31 with the loss of 55 jobs.
“Obviously, the closure is very disappointing but the joint administrators are continuing to work with contractors, authorities and the National House Building Council to ensure that all scheduled sales are completed as planned and customers unaffected.”
The house builder, which was originally established in 1927, was purchased by Cecil M Yuill in 1993 and trades from premises in Hartlepool, employing more than 50 staff.