W J Baker in administration
Published: 11 July, 2012
BURY ST EDMONDS: WJ Baker is in administration with the loss of 30 jobs. The company, better known as Baker Construction, had been in business for 50 years.
PricewaterhouseCoopers were appointed as administrators after the company was hit by a lack of work and intense competition for contracts. Baker specialised in affordable housing developments, commercial property and listed buildings.
PwC said: “The company has suffered significant losses in the recent past and is unlikely to have a foreseeable future.”
At the firm’s peak in 2010, it had a turnover of £10m and employed 70 staff.