Kier swoops as Buckingham Group enters administration

Buckingham Group Contracting has formally entered administration triggering the break-up of the £700m turnover employee-owned business.
Administrators from Grant Thornton immediately struck a deal with Kier to buy the rail assets and Buckingham’s HS2 contract for £9.6m.
The deal saves around 180 Buckingham staff jobs who will now transfer over to become part of the Kier Transportation business.
At the same time administrators axed 446 staff after they failed to find buyers for