Administrations

Everton Stadium glazing firm nears collapse

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A glazing company involved in the Laing O’Rourke-led construction of Everton Stadium has ceased trading. Alucraft Systems filed a notice to appoint administrators on Thursday (14 March), just a month after it celebrated installing an “initial batch of cladding panels” on the £505m Everton stadium build at Bramley-Moore Dock. It…

Timber-frame modular builder on brink of administration

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The company behind timber-frame volumetric builder Lighthouse is set to appoint administrators, putting more than 120 jobs at risk. IDMH, which rebranded as Lighthouse in 2023, has filed a notice of intention to appoint administrators. The firm was formed in 2020 to take over the assets of Ideal Modular Homes,…

McGill debtors withhold payment over quality disputes

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Collapsed contractor McGill was in dispute with several companies over alleged poor workmanship and communication issues before it went under, according to administrators. The Dundee contractor, whose turnover was too small to require publication, collapsed in August 2022, blaming loss-making contracts. Since then, administrators at Leonard Curtis said they had…

Surgo Construction enters administration

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Newcastle-based Surgo Construction has entered administration. The regional contractor appointed administrators on 14 March, leaving former staff to seek new jobs elsewhere. The company had been trading for over 100 years, according to its website. Surgo turned over £14.4m in its last published financial accounts, for the year ending 31…

Cornish and Scottish plant-hire firms collapse

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Two plant-hire companies at opposite ends of the UK are on the path towards liquidation or administration. Fife-based James Penman (Plant Hire) Limited announced on its website that its affairs, business and property have been managed by joint provisional liquidators since 5 March. In Cornwall, meanwhile, on 12 March, the…

Readie collapse dominates February casualty list

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The stream of construction insolvencies continued steadily in February with 24 businesses entering administration, according to the latest available monthly data from Creditsafe. This month’s toll was lower than last February, which saw 30 construction businesses go under. However, 50 companies have gone under so far this year, five more…

Rye Demolition enters administration

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Rye Demolition has gone into administration, having been hit by two winding up orders. The Aylesbury-based demolition specialist, which has worked with housebuilders such as Barratt Homes, Taylor Wimpey and Berkeley Group, appointed administrators from Voscap today (28 February). Construction labour agency Lonsite and formwork specialist RMD Kwikform both filed…

Stewart Milne supply chain owed £153.8m

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Stewart Milne’s supply-chain creditors are set to lose almost all of the £153.8m they are owed, according to administrators. So far, 1,375 unsecured creditors have come forward, although administrators from Teneo expect the number to increase. Any payout is expected to be less than a penny in the pound. The…

Britishvolt administrators look for new buyer after deal stalls

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Administrators for Britishvolt are speaking to new potential buyers after the company that struck a deal to buy it one year ago failed to pay what it owes. Britishvolt, which planned to build a £3.8bn vehicle-battery plant in Cambois, near Blyth, Northumberland, went into administration in January 2023. Weeks later,…

Jobs saved as Welsh firm exits administration

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A timber and building materials supplier in Wales has been successfully sold out of administration. Gwent-based TG Howell & Sons Ltd entered administration earlier this month, with Katrina Orum and Huw Powell of Begbies Traynor appointed as joint administrators on 5 February. They oversaw a pre-packaged sale of most of…