Administrations

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’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…

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,…

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…

Homebuilder JS Crawford Contracts (Borders) Limited has gone into provisional liquidation, following a delay to completion of a development in Melrose in the Scottish Borders. Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed on 7 February to handle affairs at the business. JS Crawford, a family-run firm, was…

Administrators have officially been appointed for logistics and warehouse specialist Readie Construction Ltd. A notice on the company website states that it is in administration and has ceased trading with immediate effect, after Constantinos Pedhiou and Gary Shankland of Begbies Traynor were called in yesterday to begin winding down the…

Homes England may be in line to recover £4.3m from the collapsed Ilke Homes administrators have now said, leaving it with a loss of £64.5m. Private equity-backed offsite specialist Ilke went into administration in June, with a loss of more than 1,000 jobs. An initial report from administrators at AlixPartners…

Balfour Beatty has said it is still chasing “outstanding sums” relating to a £200m residential scheme in Mayfair after its former client entered administration. Last week Interpath Advisory directors Steve Absolom and David Pike were appointed as administrators of 60 Curzon Street Developments, a single-project, special-purpose company behind the 32-flat…

The construction industry saw more companies go bust than any other sector last year, with a record 4,371 building firms collapsing in England and Wales. New data published by the Insolvency Service shows that construction accounted for almost one in five business failures where a firm’s sector was known. Construction…

Tolent has lost a tribunal case after it failed to consult Unite before making hundreds of redundancies when it entered administration last year. Unite was a recognised trade union for skilled, unskilled and craft employees of Tolent, the £200m-turnover contractor based in Gateshead that collapsed in February 2023 following difficulties…