Balfour Beatty is winding down its standalone Multibuild fit-out and refurbishment business due to a drop in hotel and leisure work, it said today.
There are 47 employees within Multibuild. Eight are at risk and in consultation.
Existing Multibuild contracts will continue, but Multibuild is not bidding for any more work. It will be combined into other areas of the business, a spokesperson said.
She said the move is separate from the wider restructure of the construction services UK division.
“Multibuild is being combined with Balfour Beatty’s fit-out and refurbishment capability in other areas of the business,” she said.
“A standalone hotel and leisure fit-out company is no longer viable due to an insufficient pipeline of hotel and leisure fit-out opportunities.
“Existing Multibuild contracts will continue. Multibuild is not bidding for any more work.
“Balfour Beatty will continue to bid for hotel and leisure fit-out contracts but no longer under the Multibuild brand.”
Multibuild Hotels and Leisure and Multibuild Interiors were acquired in 2010 for £1.9m.
Former directors had opted to wind down the company in 2010 before Balfour Beatty stepped in for part of the company.
Multibuild had won contracts for Premier Inn last year.