Administrations

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 back £672,578 from Lonsdale’s debtors…

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 that 21 firms entered administration…

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 in March 2024 and the…

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 and Alan Hudson said they…

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 loss of 113 jobs…

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, making its 40 staff members…

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 highest number since June…

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 firm, under the Proceeds…

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 month. New analysis by CN…

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 dispute for its demise. Administrators…