Jehu Group Limited, Jehu Project Services Limited and Waterstone Homes Limited – administration

Jehu Group Limited, Jehu Project Services Limited and Waterstone Homes Limited, a group of Welsh construction firms which was started by the grandfather of the current owners 85 years ago, have entered administration. Jehu said it has been hindered by fixed-price contracts it had struck before the pandemic, with profit margins being wiped out by construction cost inflation spiralling by more than 25%. 104 employees have been made redundant. Begbies Traynor have been appointed as Joint Administrators. There are a number of registered charges against the companies, including several in favour of Dbw Investments (11) Limited.