It was today revealed 57 jobs will be lost at a Chorley building firm.
Administrators have been called in at well-known construction firm Naylor and Walkden, based on Hatton Street in Adlington.
Talks between company bosses and administrators KPMG have reached a deal to close the construction business – but save its shopfitting arm.
The move will result in 57 construction staff being made redundant.
28 members of staff in the shop-fitting side of the company, which will now trade under Naylor and Walkden Fit-Out Limited, were saved.
Paul Flint, associate partner at KPMG and joint administrator, said: “The administration of Naylor and Walkden is symptomatic of the prolonged turbulence within the economy, which unfortunately has affected both main contractors and the supply chain as a whole within the construction industry.
“While we are delighted to have secured a sale of the shop-fitting element of the business, we are seeking interested parties for the remaining business and assets.”
The firm were appointed administrators of the firm, which had a turnover of £18.3m, last Friday.
Naylor and Walkden was established in 1947 and employs around 85 people in construction, joinery, and shop fitting.
It held a number of high-profile contracts with local authorities, the NHS, and high-street names such as Boots.
It was also involved in the £1.2m refurbishment of Whalley Abbey in Blackburn.
Chorley MP Lindsay Hoyle, who was an apprentice bricklayer at the firm a number of years ago, said: said: “This is tragic news.
“This is a long-established company with a great history in construction.
“I will be asking the council to meet with the administrators to see if there is any help we can give.”
Coun Peter Wilson, who represents Adlington at Chorley Council, said: “We are very disappointed at the news that jobs are going to be lost in Adlington,
“This was a good local employer and while the administrators are actually at the company we are still seeking to offer any support we can from Chorley Council in terms of helping to relocate people into other jobs and offer support to the company.”
One member of staff, who did not wish to be named, said: “We got a phone call to go into a meeting where they told us we would be losing our jobs.
“It’s a sign of the times, but it doesn’t make it any easier for the young lads who have lost their jobs.
“I have worked there most of my working life.
“The construction and joiners and the office staff are going but they have managed to keep the shop fitting side of it going.
“There are quite a lot of local lads who have lost their jobs.”