Among Jubilee Scaffolding’s contracts is one for the work on the Central Market Picture: MATTHEW HOTTON (00810719)

A LONG-standing scaffolding business has moved to scotch unfounded rumours that it is to be sold amid fears that it was in danger of losing future contracts.

St Mary-based Jubilee Scaffolding took the unusual step of placing an advert in the JEP last week to say that it is not being sold.

The company will celebrate 25 years in business later this year. It currently employs a total of 15 staff and has major contracts at the Central Market and on the Castle Quay development.

Office manager Sarah Waye said that the firm’s directors became angry when they started to hear from a variety of sources that people believed Jubilee was likely to be sold. ‘One of the businesses who inquired about our future was a major supplier, and that could have been very damaging to us,’ she said.

She persuaded her boss that the company needed to do something about quashing the rumours once and for all. ‘We decided to place the advertisement in the JEP to stop them,’ she said.