Construction Company Jistcourt

Part of 5. Topical Questions – in the Senedd at 4:20 pm on 26 June 2019.

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Photo of Lee Waters Lee Waters Labour 4:20, 26 June 2019

I wasn't aware of work still going on in Bristol, and I'm happy to check that. As I understand it, the company is in the process of entering into administration, but has not yet entered administration, but I'll certainly look into that and reply to the Member. It is clearly disappointing to see a company like this enter into trouble, because it is a grounded firm, a part of the foundational economy, and exactly the sort of firm that we want to see what more we can do to support and protect in the future. 

As far as we know, this was a result of a business being in distress; this was not a direct result of any external factor we can pinpoint. They had, always, contracts to fulfil, but it is a reflection of the tough business environment it is for firms, especially smaller firms, to be able to survive in the modern environment. We fear that, as part of the developments we're anticipating with Brexit, this may add added stress to all sectors, and those that are already struggling may well find the future incredibly difficult to navigate. 

In terms of conducting an audit of all firms, I'd have to look into the practicality of that, because where do you stop, given that we know the potential impact Brexit's going to have? That could potentially be for the whole of the Welsh economy.