Work stopped on Pets at Home development near Penzance

Construction work on a retail site development just outside of Penzance has dramatically stopped after its main contractor has ceased trading with immediate effect.

Consolidated Property Group (CPG) announced last October that it was developing the site opposite Morrisons supermarket to bring a 15,800 sq ft retail sire to the area – including chain names like Pets At Home and Poundland.

Following Weiser’s Construction’s liquidation announcement it is understood that all staff have been made redundant and that work has, for the time, ceased.

The company has “sincerely apologised for the situation” and, with “extreme regret”, has posted a statement on its website.

It states that Weiser Construction was given advice from DC Business Recovery to cease trading with immediate effect.

“Weiser Construction have had an independent audit undertaken which has highlighted account discrepancies,” said the statement.

“A winding up partition has been issued against Weiser Construction and advertised having the effect of immediately being picked up by credit agencies and disabling Weiser Construction the ability to attain credit or trade.

“HSBC (Business Account provider for Weiser Construction) have frozen the bank account removing any ability to trade.”

Based on these factors it has been advised for the firm to apply for Voluntary Administration, this progress begun on Monday July 31 2017.