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A repair and maintenance firm has acquired part of Breyer Group’s business after it appointed administrators earlier this month.
Cardo Group will now take over Breyer’s maintenance contract with Kingston Council, along with acquiring its roofing division.
Cardo, which has offices in South Wales and England, provides maintenance, repair and retrofit services to social landlords.
Breyer appointed administrators Glen Carter and Damian Webb of RSM UK restructuring advisory on 1 April.
It did so following a “number of financial difficulties and cash-flow constraints”.
The Romford-based contractor, founded in 1956, provides roofing, repair, large-scale refurbishment services and government-funded decarbonisation schemes to local authorities, housing associations and major landlords.
It has around 250 employees across its three businesses. These include Breyer Roofing, Breyer Renew and Breyer Repair.
Last year, Kingston Council awarded the firm a £163m contract for work across 6,000 homes in the south London borough.
At the time the administrators were appointed, it said it was “disappointed at the situation and had no prior warning”.
Mr Carter, a partner at RSM UK, said: “We are pleased to have secured a sale of Breyer Group’s roofing division and, in a separate transaction, the continuity of the company’s contract with the Royal Borough of Kingston upon Thames, to Cardo.
“The transactions have preserved a significant number of jobs and allows services to certain clients to be maintained.”
Liam Bevan, chief executive of Cardo, said: “We are deeply aware of the impact that a sudden collapse can have – on residents, local authorities and the people who dedicate their careers to delivering essential services.
“Our focus has been on stepping in quickly to provide reassurance, continuity and stability.
“By acquiring the Breyer Roofing division and taking on key contracts like Kingston, we are not only ensuring that homes are maintained, but also supporting skilled workers whose expertise is vital to the sector.
“We’re working closely with local authorities, registered providers and stakeholders to make this transition as smooth as possible, making sure services continue seamlessly and that new colleagues joining Cardo feel welcomed and supported.”
Emily Davey, cabinet member for housing at Kingston Council, said residents in the borough “provided a huge amount of time and input into designing how the repairs service should run”.
She said: “It is critical that the Cardo Group is fully committed to delivering against the priorities residents set.
“The company has made a range of commitments on how they will deliver a comprehensive and responsive repairs service.
“These include a dedicated contact centre to make it easier to book a repair, a free handyman service to help residents with mobility issues carry out repairs in their homes, and regular meetings with resident groups to gather feedback that will inform how the service is run.”
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