Administrations

Geoffrey Osborne went under owing £45.1m

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Geoffrey Osborne Ltd owed trade creditors £25.9m when it collapsed, administrators from RSM Restructuring Advisory have reported. In documents filed with Companies House last Friday (14 June), the administrators said that 504 firms were left with unpaid invoices when the contractor fell into administration on 30 April. Five of these…

Welsh contractor takes over halted £135m Buckingham Group scheme

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Welsh firm Andrew Scott has been appointed to finish one of collapsed contractor Buckingham Group’s remaining schemes. Andrew Scott will finish a multistorey car park and commercial site in the centre of Swansea, after the project stalled following Buckingham’s descent into administration. Buckingham had been delivering the Copr Bay scheme,…

Carillion collapse left council with £13.5m defects bill

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Oxfordshire County Council has had to spend more than £13m on fixing defects in buildings once worked on by Carillion. The council found problems with dozens of schools that required remediation in the years following the company’s collapse, the BBC reported yesterday. Carillion was the UK’s second-biggest contractor by turnover…

Hope for creditors as Urban Splash House insolvency moves to new phase

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Failed industry disruptor Urban Splash House is to go into liquidation, more than two years after collapsing into administration. The move marks the final step in the winding-up of the modular-build specialist, and could bring certain suppliers closer to receiving some of the cash they are owed. Spun out of…

Surgo Construction fought charity for £1.4m at time of collapse

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Surgo Construction went under while battling a charity for £1.4m and owing creditors £5.0m. The £14m-turnover company collapsed in March. In a report lodged with Companies House, administrators from FRP Advisory said Surgo launched legal proceedings against the unnamed charity when it failed to pay Surgo for two months worth…

Construction tops fresh insolvency table

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Another 310 construction companies became insolvent in March, the latest official figures have revealed. This took the rolling annual total of business failures in the sector to 4,274, the highest number of any industry measured. Construction was responsible for around one in six insolvencies in the year to 31 March…

Newman Scott liquidation drags into sixth year

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A contractor’s liquidation process has dragged on past the five-year mark due to a drawn-out pursuit of its clients for outstanding debts. Newman Scott was owed “significant monies” by unnamed firms when it appointed administrators in March 2019, according to documents lodged with Companies House. Liquidators had to carry out…

Michael J Lonsdale supply chain unlikely to see £65m owed

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Less than £600,000 of the £120m owed by collapsed mechanical and electrical (M&E) contractor Michael J Lonsdale, including the £65m owed to trade creditors, is likely to be paid out. In an administration progress update, the company’s administrator, Begbies Traynor, said the assumption was that there would not be enough…

‘Lack of orders’ sends contractor on path to administration

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A Hartlepool-based contractor has ceased trading and applied to enter administration. Wearside Contractors Limited director Anthony Fallow filed a notice of intention last Friday (10 May) to appoint an administrator for the company. Fallow confirmed to Construction News this morning that the business had ceased trading. He added that negotiations…

Hertfordshire contractor set to enter administration

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Stevenage-based main contractor ARJ Construction Ltd has filed a notice of intention to enter administration. The firm was established in 1991 and focuses on projects worth £10m to £60m, particularly in South East England. Its most recent accounts filed with Companies House, covering the 12 months to 30 April 2023,…