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Armour rescues failed scaffolder

9 Nov 11 South London scaffolding contractors Hadley Southern Ltd has been bought out of administration by Dartford-based building maintenance contractor Armour Group.

The company will now trade as a wholly-owned subsidiary of Armour.

Armour bought the business as a going concern eight days after administrators from insolvency specialists Abbott Fielding were called in.

Abbott Fielding senior partner Ned Ailyan said: “The sale has safeguarded 75 jobs and all the contracts of the company, and will ensure continuity of the business.�

Hadley was established in 1997 by the father and son team of Edward Champney Snr and Jnr.

Managing director Ed Champney Jnr said: “We are all extremely pleased that a deal has been structured to allow the business to continue trading and retain all of our staff and clients.�

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