A large construction firm has gone into liquidation with the loss of 102 jobs.
Contract Services (South Wales) Limited has traded in Port Talbot and Caerphilly for 21 years.
But it faced unexpected cash flow pressures earlier this year and has now ceased trading.
Business rescue and recovery specialists Begbies Traynor are now taking the firm through the process of liquidation.
The company stopped trading on August 11 and is set to enter voluntary liquidation on August 22. It had been running since 1996.
In 2014, the firm recorded unprecedented growth for the first half of the year , after signing several new contracts.
At the time, it was put down to a return of confidence in the construction sector which was hit hard during the economi…
Read the full article at: http://www.walesonline.co.uk/business/business-news/more-100-jobs-lost-large-13476255