Administrations

Luxury-house builder Kenham Building has called in administrators, with all staff made redundant. The west London firm appointed ReSolve partners Cameron Gunn and Chris Farrington as administrators after encountering cashflow problems. Kenham operated for 25 years but hit technical challenges related to groundworks on a large residential refurbishment scheme. After…

Financial woes in the construction sector deepened in the fourth quarter (Q4) of last year with 7,849 firms now on the brink of collapse, according to Begbies Traynor. In its latest quarterly Red Flag Alert – issued today (22 January) – the insolvency practitioner added that 83,332 construction companies were…

Homes England could lose up to £9.2m from the administration of Stewart Milne Group. Manchester-based Stewart Milne Homes North West England (Developments) Ltd went into administration on 12 January and has a different administrator to that of the rest of the housebuilding group, which folded four days earlier. The English…

A London-based public sector contractor has started liquidation proceedings after nearly 50 years in business. Diamond Build Plc and its subsidiary Diamond Fire Safety both ceased trading last Friday (5 January). A notice has been sent informing creditors that the companies will go into liquidation on 19 January. Diamond Build…

A senior Scottish minister has met with administrators for Stewart Milne Group after 217 employees of the collapsed company were made redundant on Monday (8 January). Neil Gray, cabinet secretary for wellbeing economy, fair work and energy, met with administrators from Teneo on Tuesday morning (9 January) to discuss employment…

A leading figure in Scottish housebuilding has urged ministers north of the border to “take action” amid fears of further business failures in the wake of Stewart Milne Group entering administration. On Monday (8 January), the Aberdeen-headquartered firm announced it would cease trading after failing to find a buyer –…

Stewart Milne Group has gone into administration after attempts to sell the business failed, with more than 200 people made redundant. The Aberdeen-headquartered housebuilder and developer appointed consultants to help find a buyer in several rounds since April 2022 as chair and founder Stewart Milne planned his retirement. According to…

Modular startup Modulous has filed a notice of intention to appoint administrators. The 50-staff company was launched in London in 2018, offering two complementary services – a kit of parts and automated feasibility study software. The firm describes itself as “the first globally scalable solution to the housing crisis”. However…

A London borough is racing to replace recently collapsed Westridge Construction on the redevelopment of a travellers’ site, while a West Sussex council has picked a substitute builder to finish a housing development. Westridge Construction entered administration in September owing 872 trade creditors a total of £11.3m, according to a…

Construction administrations rose by 42 per cent last year despite a quiet December A grim year for construction business failures ended on a relatively serene note after Creditsafe data showed that 18 firms entered administration in December 2023 – five fewer than in December 2022. In all, though, the full-year…