Seventy jobs have been lost after a Harpenden company entered administration.

Jarvis Contracting Ltd - based in Waterside, Station Road - appointed administrators on Tuesday (February 28).

70 workers from the company's head office have been made redundant whilst the administrators "seek to salvage as much value as possible".


The other two companies in the Jarvis Group - Jarvis Commercial and Jarvis Homes - will continue to trade as normal.

A statement by Jarvis Contracting Ltd's joint administrators read: "Peter Wastell and William Turner of Verulam Advisory have been appointed as joint administrators of the company by the directors, with effect from February 28.


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"The company has suffered adverse market conditions in the past two years, including supply-chain problems and unexpected inflation which have made the delivery of long -term fixed price contracts unviable.

"The result has been significant trading losses with no signs of a recovery in the foreseeable future.

"The company is a subsidiary of the Jarvis Group Limited.

"Other companies within the group, including Jarvis Homes Limited, remain profitable and continue to trade normally, despite the difficult economic conditions.

"Unfortunately, 70 staff at the Harpenden head office have been made redundant whilst the administrators seek to salvage as much value as possible from the assets and contracts."