The Yorkshire Maintenance Co has stepped-in to save Hull based Stratus Scaffolding Ltd and its 22 employees.
Stratus had suffered a very difficult trading period caused by a combination of cash flow pressures, delayed client payments, increasing supplier demands, and limited support from the banks.
The business had reached a critical point and was at real risk of closure before Yorkshire Maintenance made its move.
The fit-out specialist acquired control from several shareholders securing the future of the company and its workforce
The Stratus team, led by Managing Director Liam Brigg, has now been relocated into the main Yorkshire Maintenance offices, factory and yard.
The firm said: “We have invested heavily into stabilising and growing the business by settling outstanding supplier accounts, supporting payroll commitments, and providing the team with the financial backing and operational support required to move the business forward with confidence.
“We have also invested in new vehicles, plant and equipment, whilst working closely with the management team to provide not only financial support, but also moral encouragement and long-term strategic direction.”
The Yorkshire Maintenance Co has stepped-in to save Hull based Stratus Scaffolding Ltd and its 22 employees.
Stratus had suffered a very difficult trading period caused by a combination of cash flow pressures, delayed client payments, increasing supplier demands, and limited support from the banks.
The business had reached a critical point and was at real risk of closure before Yorkshire Maintenance made its move.
The fit-out specialist acquired control from several shareholders securing the future of the company and its workforce
The Stratus team, led by Managing Director Liam Brigg, has now been relocated into the main Yorkshire Maintenance offices, factory and yard.
The firm said: “We have invested heavily into stabilising and growing the business by settling outstanding supplier accounts, supporting payroll commitments, and providing the team with the financial backing and operational support required to move the business forward with confidence.
“We have also invested in new vehicles, plant and equipment, whilst working closely with the management team to provide not only financial support, but also moral encouragement and long-term strategic direction.”
