Begbies Traynor Group

47 highly skilled jobs saved in Voltcom Limited sale

Date Published: 14/08/2019

Llantrisant-based Voltcom Limited, a principal contractor to the UK electricity transmission and distribution market has been sold out of administration by business recovery specialists, Begbies Traynor.  The sale to Keltbray Distribution & Transmission (KDT) was completed on 5 August 2019, safeguarding 47 jobs and ensuring continuity of service for key customers.

The company, which began trading in 2005 delivered medium and high voltage power line projects for the likes of Scottish Power, Northern Powergrid, Western Power Distribution and SSE.

Commenting on the sale, Huw Powell, partner at Begbies Traynor in South Wales, said: “Voltcom quickly grew into delivering major power line infrastructure projects, but despite benefiting from an excellent reputation in the market, the company was unable to maintain profitable growth and suffered working capital issues in recent times.  We are pleased that with the support of Livingstone Partners and the company’s directors and stakeholders we have achieved a sale of the majority of the business, safeguarding jobs and providing continuity of supply to three DNOs. Although this is a sad outcome for Voltcom, I would like to wish KDT and its employees every success in the future”

Mike Snee, Managing Director of KDT, added: “The work that we do is in a highly safety-critical environment – working at height, and around electricity and moving plant – which means we require a highly experienced, well trained team that trust each other implicitly. Therefore, we are incredibly fortunate to be able to grow our team by 47 experienced and skilled operatives, particularly at a time when a skills shortage across the industry is imminent. I’m delighted to welcome them on board and look forward to delivering on our new business.

About The Author

Meet the Team

Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor. Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

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