DOZENS of jobs have been lost after a building firm with a “long and proud history in Hartlepool” was sadly forced to cease trading.
Yuill Homes built up to 1,000 homes every year at the height of its success and employed up to 500 skilled workers.
But after 87 years of hard work since it was founded by Cecil M Yuill in 1927, the firm was unable to recover from the recession and encountered financial troubles, resulting in the business entering administration in February.
Stephen Ross and Ian Kings, of accountants Baker Tilly, were called in as administrators and the search for a buyer for the business began.
But a Baker Tilly spokesman confirmed a sale was not secured and the company had ceased trading at the end of last month.
Fifty-five jobs have been lost but Baker Tilly said all scheduled sales will be completed and customers will be unaffected.
Hartlepool Borough Council bosses expressed their disappointment at the news, but said the authority will do all it can to support those who find themselves out of work as a result of the closure.
A council spokesman told the Mail: “Yuill Homes has a long and proud history in Hartlepool and this is very sad news indeed.
“Naturally, the council will do everything it can to help those people who have lost their jobs to find alternative employment or training.”
A Baker Tilly spokesman said: “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 Hartlepool-based Yuill family sold the housebuilding company to Taggart Holdings in 2006.
But Edward Yuill, managing director of Mowden Park Estates, still spoke of his disappointment when the firm went into administration.
Mr Yuill said at the time he was “hopeful” a buyer could be found and added: “The company was founded by my grandfather, Cecil M Yuill in 1927 and has been responsible for a sizeable proportion of the region’s housing stock in the intervening years, building up to 1,000 homes every year at its height and employing some 500 skilled personnel.”
While Mr Yuill emphasised his regret at the firm’s demise, he reiterated that Yuill Homes has no links to the family’s businesses, Mowden Park Estates and Northumbrian Land Limited, which he says continue to trade successfully.
There was a glimmer of hope for the firm after it had entered administration with the experts behind the process revealing that potential buyers had shown an interest.
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