My thoughts are with the employees of the contractor which was put into administration at the weekend. The skilled workers will soon find a new home, since there is a shortage in Wales, even in these times of austerity. However, the future of the staff is uncertain as I write.
Mike Cuddy, the founder of the firm who started out as a demolition contractor and spread out into other branches of construction, blames the fall on the company's dependency on him as an individual. When he was laid up as a result of a rare illness, the company lost direction. There is a quandary that faces all entrepreneurs who grow from small beginnings: do you sell out to a larger established corporation when you reach a size where you cannot put a finger on all the parts of the business, or do you keep faith with your original aims and your workforce, and soldier on?
There is almost certainly more to come out about the rise and fall of the Cuddy Group. In the mean time, I wish Mr Cuddy well.
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