Administrations

Geoffrey Osborne Ltd has called in administrators from RSM Restructuring Advisory. Around 100 staff have been made redundant with immediate effect, the firm said in a statement. “A small number of staff will be retained to assist the administrators and continue discussion with possible investor partners with a view to…

A local authority faces the prospect of having to change its main contractor on a residential scheme for a second time after the replacement firm announced it was suffering severe financial problems. Last month, client Wokingham Borough Council announced that Osborne would take over a 55-home development called Carnival Place…

The number of construction firms facing significant financial pressure has risen almost 40 per cent over the past year, according to data from a leading insolvency practice. Begbies Traynor’s latest ‘Red Flag Alert’ today showed 83,559 companies in the sector were facing “significant financial distress”, up 38.6 per cent on…

A Merseyside-based facade specialist that worked on the Oxford Science Park has entered liquidation. Complete Facade Systems (CFS), based in Haydock, St Helens, appointed liquidators after becoming unable to pay its debts. Notice was given yesterday (24 April) that the company had been voluntarily wound up and Lisa Ion and…

The former director of a subcontractor has blamed a dispute with Vinci's UK building solutions arm for putting his company out of business. Ex-Marshdale Construction Ltd director Ben Edgar made the claim in a report published on Companies House last Friday (19 April) by the firm's administrator, insolvency firm Currie…

Former employees of a collapsed contractor have waited more than five years to be paid money they are owed. A new report, filed earlier this month at Companies House by administrators at Begbies Traynor, said that the ex-employees were still expected to be paid in full, but the liquidators were…

Geoffrey Osborne subsidiaries, Osborne Construction and Osborne Homes, have joined their parent in applying to go into administration. Early yesterday (19 April), Geoffrey Osborne chairman Andrew Osborne announced that his company had filed a notice of intent to appoint administrators. Later yesterday, the High Court received three more similar applications…

Contracting firm Geoffrey Osborne has filed for administration, but says it is in talks to sell the business to new owners. A notice announcing the company’s intention to appoint adminstrators was filed with the High Court shortly before 4pm yesterday (18 April) by legal representative Macfarlanes. In a statement (see…

Countryside Partnerships has been named as the replacement contractor on a 215-home development in Cheshire. Lane End Developments, which went into administration in April 2023 after takeover talks failed, was due to deliver the circa £41m Pavilion Park scheme in Helsby for housing association Onward Homes. Onward Homes announced this…

The High Court has issued instructions to close down Readie Construction’s employee ownership trust (EOT). Logistics and warehouse contractor Readie Construction appointed administrators from insolvency manager Begbies Traynor in February. Earlier today (17 April), Insolvency and Companies Court judge Catherine Burton issued a winding-up order against Readie Management Ltd (RML),…