Willmott Dixon has abandoned plans to sell its supports services subsidiary after failing to find an appropriate buyer.
The company revealed in February that it was open for offers from purchasers “able to provide a better operational environment in which the subsidiary business could grow and prosper”.
Rick Willmott, Group Chief Executive, said:
“While considerable interest was received, once properly tested, all the proposals either fell short of perceived value or would have resulted in the dismantling of the business and its culture and the redistribution of its assets, which would not have been fair to either customers or employees.
“We have therefore decided to withdraw from negotiations, to reinstate the business in its longer term plans, and have re-committed our full support and energy to capture the immense potential within the current team and the support services sector.”