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Construction & Engineering


Successful Sale Saves Building Jobs


A building business had grown very rapidly from a turnover of £700,000 to £5 million. However, although they had profitable contracts moving to completion, they did not have sufficient capital and cash reserves to fund four concurrent contracts that were making a loss.

We were instructed as administrators and, having established that over-trading had caused the firm’s difficulties, we were able to find a buyer with sufficient resources to fund the business post-sale, saving 20 jobs.

Liquidation of Five Site Building Maintenance Business

Following a restructure, a national building maintenance group, with over 550 staff over five sites, suffered from delayed payments from key customers and suppliers’ refusal to go on trading after credit insurance was removed on key trade creditors.

As Administrators, we worked closely with customers and former employees to ensure continuity of employment, where possible. Transfer of the contract to new service providers secured new jobs for employees, reduced employee claims, enhanced dividend prospects for remaining creditors and lessened disruption for customers, improving results from outstanding contractual debtors.

Successful Sale Saves Building Jobs

A Bournemouth-based building business had grown very rapidly from a turnover of £700,000 to £5m. However, although they had profitable contracts moving to completion, they did not have sufficient capital and cash reserves to fund four concurrent contracts that were making a loss.

We were instructed as Administrators and, having established that over-trading had caused the firm’s difficulties, we were able to find a buyer with sufficient resources to fund the business post-sale, saving 20 jobs.

Administration and Successful Sale of Holroyd Construction

A partially complete development of around 30 apartments in Bradford, with £4.5m bank debt.  Following the insolvency of the building contractor itself, the development company went into Administration. We worked with quantity surveyors to assess the build out program and costings.  Agreed a scope of capital expenditure work with the bank and completed the development.

We were then appointed property letting agents and agreed a contract with them and a marketing plan and budget.  Full occupancy was obtained and the property was then put on the market as an investment sale. A successful sale was concluded and a surplus paid to the bank from letting income after accounting for all trading costs. 

Contact our team

Jonathan Munnery
Andrew MacKenzie
Julie Palmer
Thomas Mckay
Keith Tully
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