Rivals of Connaught are in talks with its administrators about taking over some of the stricken social housing firm's contracts.
Administrators from insolvency specialists KPMG were appointed appointed to run Connaught yesterday, with redundancy a prospect for many of the firm's 9,000 staff if contracts cannot be sold on to other contractors.
Other big players in the social housing market, including Mears, Morgan Sindall and Kier, are now thought to be running the rule over Connaught's business.
Another rival, Morrison Facilities Services, said it was “ready and willing to offer full continuity of employment to those Connaught employees working on social housing repairs contracts, following the announcement of the administration of Connaught Partnerships”.
Morrison provides social housing repairs and maintenance across 500,000 homes.
Chief executive Guy Wakeley said: “This is clearly a difficult and concerning time for Connaught employees facing an uncertain future, but also for Connaught’s clients who are committed to delivering a range of services to their residents and local communities. We also cannot forget the local, small businesses who livelihoods and futures are hanging in the balance.
"Here at Morrison, we want to assure these employees and their clients that we are ready to support wherever possible as maintaining job security in these difficult economic times is an overarching priority. Now is the time to think about the people affected by this news, and to act decisively to protect vital jobs within the housing sector.”
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