Administrations

The number of administrations in the sector almost tripled between October and November, Construction News can reveal. According to data provided by Creditsafe, a total of 19 construction companies collapsed in November, compared to just seven in October. It was the most administrations in a month since May, when 34…

Creditors of collapsed drylining specialist Astins are likely to only receive up to £500,000 of the £11.9m they are owed. In the final administration report before the firm moves to voluntary liquidation, joint administrators at Leonard Curtis Business Rescue and Recovery stated that between £200,000 and £500,000 may be available…

Manchester-based Goodwin’s Construction Services Group has fallen into administration, with 30 jobs lost. Administrator FRP Advisory blamed project delays caused by the coronavirus crisis for the firm going under. It said the firm, formerly known as Goodwin Construction Group, had faced significant cashflow difficulties in recent months. The contractor worked…

Just seven construction firms fell into administration in October, Construction News can reveal. The number of sector administrations in the month is the lowest so far in 2020, according to data provided by Creditsafe. Since March, the number of firms collapsing has been decreasing from an average of 30 per…

Merseyside-based glazing manufacturer Total Glass has fallen into administration and the majority of its staff have been made redundant. The firm, which employed 167 staff, manufactured and supplied UPVC and aluminium products to the building trade. In its last published accounts, for the year ended 31 January 2019, it made…

York-based Evora Construction has been forced into administration. The company, which ended its last financial year owing trade creditors around £2.5m, appointed administrators from Auker Rhodes Accounting on Monday (5 October). Local paper The Press said the company had around £9m worth of work secured for 2020. It had won…

Work on the £100m Aura student accommodation development in Liverpool will restart after a deal was struck by investors to take the project out of administration. Following the arrest of developer Elliot Group’s founder Elliot Lawless at the end of 2019, work by contractor Vermont came to standstill. The 1,007-unit…

Demolition specialist Brown and Mason is still trading, despite the firm’s former registered name filing for administration. Brown and Mason Limited, formerly a £50m-turnover firm owned by Terry Brown, appointed Cornerstone Business Recovery to act as administrator on 21 September. The company had not filed new accounts since January 2019…

A total of 18 construction companies fell into administration in September, Construction News can reveal. Since the coronavirus crisis hit in March, the number of administrations has actually remained lower than in the preceding months. In the first quarter of the year, an average of 30 companies collapsed per month,…

Henry Boot has put its affordable housing company Starfish Commercial into a creditors’ voluntary liquidation. The firm, which it acquired just over a year ago, has been hit hard by the coronavirus crisis, a statement from the contractor said. “Whilst we have been encouraged by recent increases in activity within…