North west M&E specialist Genlec goes under – Construction Enquirer

The £20m revenue specialist was founded over 30 years ago and operated out of Leigh in Lancashire.

Founder and MD Jonathan Twentyman was pursuing a growth strategy to take on bigger and more complex projects when Covid hit

Previously an award-winning business, it claimed its success lay in holding the capability of a big company but with service levels of a small independent.

Joint administrators from FRP Advisory are proceeding with an orderly wind down of the business, while supporting affected employees in making their claims to the Redundancy Payments Service.

Administrator David Acland said that the business had experienced significant financial challenges, which left the business unable to meet its financial obligations.

 

 

Aaron Morby

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