Administrations

Little cheer for suppliers as Henley Construct administration extended

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The administration period of a collapsed South London contractor has been extended. Henley Construct went under last April owing creditors £6.7m, but new documents lodged with Companies House show its administration period will now run until 14 April 2025. However, there is little hope that the 221 companies left out…

North East facade specialist goes under

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A County Durham-based glazing and aluminium facade specialist has entered administration, with the loss of all 43 employees. After activity at Architectural Glass and Aluminium Limited (ARGLA) came to a halt earlier this month, Gareth Harris and Lee Lockwood of RSM Restructuring Advisory were called in as joint administrators. ARGLA…

Taxpayer takes £2.6m hit on Modulous collapse

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UK taxpayers have lost £2.6m due to the collapse of modern methods of construction (MMC) specialist Modulous, which has now gone into liquidation. The startup, which was formed in 2018, filed a notice of intention to appoint administrators in January, having laid off its staff at the beginning of December.…

Staff made redundant as modular builder collapses

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Timber-frame volumetric specialist Lighthouse has gone under, with all 113 staff members losing their jobs following a failed bid to sell the business. The specialist, which was based in Sheffield, struggled with cashflow issues. The business behind it, IDMH, filed a notice of intention to appoint administrators last month. It…

Buckingham creditor claims rise by £140m

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Creditor claims against Buckingham Group have more than doubled to £256.3m, a new report from the firm’s administrators has revealed. The £665m-turnover company – ranked 30th in the CN100 index in 2022 – collapsed in September 2023. It was initially thought to owe £108m, with 1,258 claims having been lodged…

Groundworks firm files administration notice

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Groundworks specialist Bowie Construction has filed a notice of intent to appoint administrators, after apparently being hit by cashflow issues on a bad job. The Cambridgeshire company turned over £14.5m and made a pre-tax loss of £996,830 in its latest set of accounts, which covered 1 January to 30 December…

Clients ‘withheld £2m from Readie’ as it struggled for credit

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Clients withheld more than £2m from Readie Construction after it stopped being able to obtain bonds, according to a new report published yesterday. A statement of proposals from administrators at Begbies Traynor gave more information about the circumstances leading to the company’s collapse, based on information provided by director Stuart…

Readie supply chain hit for £24m

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Readie Construction’s supply-chain partners will struggle to recoup any of the £24.8m they are owed. Administrators from Begbies Traynor have warned that hundreds of subcontractors and supply-chain partners will be out of pocket, after the logistics and warehouse specialist collapsed into administration in February. Some partners will be hit particularly…

Modular pioneer set for administration

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Beattie Passive, which created the UK’s first Passivhaus-certified build system, is set for administration after running into cashflow problems. Work has stopped at the firm’s 10,800 square metre factory after parent company Beattie Passive Group Ltd and four related companies filed notices of intention to appoint an administrator on Friday…

York M&E specialist set for administration

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A York-based mechanical, electrical and plumbing (MEP) contractor has filed a notice of intent to appoint administrators. JDL Electrical, Plumbing and Heating Ltd stopped trading on 12 March, when its directors announced they intended to formally place the company into administration. The statement said: “Unfortunately, it is with great sadness…