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Home Business News Property

Three construction firms cease trading as Government urged to ‘speed up’ construction projects

July 22, 2024
in Business News, Jersey News, Property
Builder house construction
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Kalmac Builders, Mac Energy, and Mac Interiors have ceased trading with immediate effect.

The Jersey Chamber of Commerce has urged both residents and the government to uphold support for local construction following another setback for the industry.

This latest development comes just over a year after Camerons and JP Mauger faced similar fates. Camerons halted operations in February 2023, followed by JP Mauger’s liquidation last May, resulting in the loss of 51 jobs.

A spokesperson for the Jersey Chamber of Commerce said: “As the island’s leading business organisation, the Jersey Chamber of Commerce are saddened by the news that the Companies are ceasing trading with immediate effect. Our thoughts are with all those individuals and organisations impacted by this decision.

“This is another blow for Jersey’s construction industry, and further evidence (if it was needed) of the challenging conditions the construction and development sector face at present. Coming a little after 12 months after the demise of Camerons and JP Mauger, the news by the Companies is not surprising. Trading conditions remain stressed, and order books for the sector remain low.

“Further losses in the sector can be avoided, if public and private sector clients can be encouraged to continue to invest in their construction projects, big and small. Jersey’s construction industry remains well-supported with good local organisations, professionals and tradespeople.

“Whilst borrowing and other finance costs remain high for private-sector clients, we urge in particular the Government of Jersey, through all its many public organisations, to “speed up” their planned future capital projects and help local builders and tradesmen with opportunities to deliver quality construction projects. The sooner these projects can be turned into on-site activity, the better the chances of the local industry surviving the present challenging conditions.”

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Sue Fitzgerald

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