Just one year ago, Shaylor Group was riding high. Stephen Shaylor, chief executive of the company founded by his father Fred in 1968, stood shoulder to shoulder with Prince Harry to announce the start of construction on a museum at the Silverstone race track in Northamptonshire. 

The Midlands-based group was also working on jobs ranging from a major refurb of the music venue Wolverhampton Civic Hall, to a residential development in east London, and building a Doubletree by Hilton hotel in Birmingham.

Yet in little more than 12 months, the family firm’s reputation has been ruined, perhaps irreparably, in a dramatic fall from grace.

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