R.L. Davies & Son Limited – administration

R.L. Davies & Son Limited, a North Wales developer that has been trading for more than 70 years, entered administration on 16 February. Joint Administrators Kerry Bailey and Lee Causer of BDO said that the company suffered financial difficulties due to disruption following the pandemic, cost increases, and a significant overrun on one of its largest contracts. The company, which employed 38 people, will now be wound down. National Westminster Bank PLC has two registered charges against the company.