Jobs saved as new Bilston firm is created
One hundred jobs at a Bilston plastering specialists have been saved after the firm was bought out of administration.
Roseville Plastering, Ash Street, Bradley, had been in administration since January 29. The new firm is called Roseville Contracts and all 100 staff and sub-contractors jobs are retained.
The firm, formed in Coseley in 1998, does wet plastering work for blue-chip clients, including Wates Construction, Galliford Try, Carillion, Shepherd Construction and Thomas Vale Construction.
It has large commercial and residential contracts as well as in education, health and leisure. In 2011 made a pre-tax loss of £5,000 on turnover of £12.6 million.
Mark Kelsey, former Roseville Plastering managing director, now of Roseville Contracts, said: "A combination of bad debt, disputed accounts and slow payments put us in a position where we had little choice but to call in the administrators, but we have worked together to save a significant number of jobs and can now start looking to a positive future for the company."
The firm's HQ, Roseville House, at one time a dilapidated hotel, was redeveloped.
