The notice of appointment to appoint an administrator was lodged yesterday and comes after the firm’s sites suddenly shut this week.
One supplier told the Enquirer: “We turned up at one of their jobs to make a scheduled delivery on Monday and the gates were locked.
“Their people seemed in total shock as to what was going on.”
The firm has been in business since 1884 operating across London and the South-East on projects between £2m and £40m.
It employed 63 full time staff from central London offices in Shoreditch.
Latest accounts for the company for the year to July 31 2024 show a turnover of £47.6m generating a pre-tax profit of £37,000.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.
For more information and to benefit from the Enquirer discount visit Red Flag Alert.
