Hitch for £16m Wolves stand
Thursday 3rd November 2011, 12:07PM GMT.
The £16 million redevelopment of Wolves’s North Bank suffered a hitch today after the firm supplying steel for the project went into administration.
Barrett Steel Buildings Limited was responsible for producing and installing the steelwork for the new Stan Cullis stand, phase one of owner Steve Morgan’s £40 million rebuild of Molineux.
Contractor Buckingham Group is negotiating with administrators KPMG to buy the remaining steel needed for the scheme from the stricken firm. Bosses have been forced to find another sub-contractor to erect the steel. Building work halted yesterday but resumed today.
The lower tier of the new 7,700-seater, two-tier stand has already been completed, while parts of the upper tier and roof have been installed.
Wolves spokesman Matt Grayson said today: “It is business as usual as far as we are concerned.”
Administrators blamed the demise of Bradford-based Barrett on a reduced order book due to difficult trading conditions.
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