Construction Industry Administrations | Construction News

Slow progress in Lonsdale administration

Ben Vogel — Fri, 09 May 2025 11:45:10 +0000

There are still insufficient funds to pay creditors for Michael J Lonsdale, administrators for the collapsed mechanical and electrical (M&E) specialist said. In their third progress report since being appointed in October 2023, Jamie Taylor and Dominik Thiel-Czerwinke from Begbies Traynor said they had clawed…

The post Slow progress in Lonsdale administration appeared first on Construction News.

Not the cruellest month: April data shows fewer business collapses

Nicola Harley — Thu, 08 May 2025 11:45:18 +0000

Construction firm failures in April decreased by almost a third compared with the previous month. This reversed a trend seen in February and March when administration figures soared, with the number of firms going under rising to 32 and 31 respectively. Data from Creditsafe shows…

The post Not the cruellest month: April data shows fewer business collapses appeared first on Construction News.

Former employees win tribunal claim against defunct groundworks firm

Ian Weinfass — Tue, 06 May 2025 11:45:54 +0000

Ex-employees of Bowie Construction have been awarded payouts by an employment tribunal. Twelve workers brought the claim against the former groundworks specialist, which went into administration in June 2024, on the basis that it did not hold a formal consultation process. The company ceased trading…

The post Former employees win tribunal claim against defunct groundworks firm appeared first on Construction News.

Former ISG employees launch legal action over redundancies

Joshua Stein — Thu, 01 May 2025 11:45:37 +0000

More than two thirds of ISG’s former staff are pursuing legal claims against over the way they were made redundant, according to administrators. In their latest update on the administration of eight ISG firms (see box below), published on Wednesday (30 April), EY’s Timothy Graham…

The post Former ISG employees launch legal action over redundancies appeared first on Construction News.

‘Insufficient’ funds to repay failed modular firm’s supply chain

Ben Vogel — Wed, 30 Apr 2025 11:45:12 +0000

Administrators for a collapsed modular contractor have said there are “insufficient funds” to distribute to supply chain creditors, while the firm’s secured creditor has only received a fifth what it was owed. Sheffield-based IDMH, trading as Lighthouse, went into administration in April last year with…

The post ‘Insufficient’ funds to repay failed modular firm’s supply chain appeared first on Construction News.

Everton stadium cladders’ supply chain to lose 99.5% of money owed

Charlotte Banks — Tue, 29 Apr 2025 11:45:45 +0000

Creditors in a collapsed envelope firm’s supply chain will get back up to half a penny in the pound at most, administrators have said. Alucraft Systems was in the middle of installing cladding at Laing O’Rourke’s Everton Stadium (pictured) when it appointed administrators last March,…

The post Everton stadium cladders’ supply chain to lose 99.5% of money owed appeared first on Construction News.

Construction remains worst hit sector for insolvencies, official figures show

Ian Weinfass — Mon, 28 Apr 2025 08:00:14 +0000

The construction industry was the worst hit sector for insolvencies over the past year, newly released official figures show. Data from the Insolvency Service show insolvencies in the sector reached their highest level for seven months in February. There were 367 insolvencies in the month,…

The post Construction remains worst hit sector for insolvencies, official figures show appeared first on Construction News.

Administrators hit by asset-freezing order

Ian Weinfass — Fri, 25 Apr 2025 09:29:47 +0000

Administrators for a mechanical and electrical (M&E) specialist have been served with a legal notice barring the disposal of company assets. A new report into the firm’s affairs by administrators stated that last month they were served with a restraint order against a director at…

The post Administrators hit by asset-freezing order appeared first on Construction News.

Revealed: 11 ISG firms went into liquidation

Joshua Stein — Tue, 22 Apr 2025 11:45:43 +0000

Eleven firms in the ISG family – including the UK holding company – entered liquidation rather than appointing administrators, Construction News can reveal. In September, accountancy firm EY was appointed as the administrator for eight of ISG’s most well-known companies after the £2.2bn-turnover firm’s collapse that…

The post Revealed: 11 ISG firms went into liquidation appeared first on Construction News.

Acheson auction delayed after creditor ‘unlawfully took telehandler’

Joshua Stein — Tue, 22 Apr 2025 11:44:27 +0000

Administrators dealing with the collapse of Dorset contractor Acheson Construction suspended an auction of its plant and machinery after an unnamed creditor “unlawfully took possession” of one of the firm’s seven telehandlers. The £53m-turnover Acheson went under in February, blaming rising costs and a contract…

The post Acheson auction delayed after creditor ‘unlawfully took telehandler’ appeared first on Construction News.