Soaring prices blamed for Woodhead going into liquidation

RSM UK Restructuring Advisory LLP has confirmed it is working with the directors at contractor Robert Woodhead Limited with a view to placing the company into voluntary liquidation.
Woodhead has ceased trading and made the majority of its employees redundant.
The company cited market conditions and the impact of rapid price increases throughout the supply chain, coupled with fixed price contracts as being the root cause of its demise.Teresa Westwood, managing director at Robert Woodhead Limited,