Torsion Construction collapse leaves £15m owed to suppliers
Leeds contractor Torsion owed suppliers £15m when it collapsed, a fresh warning for anyone exposed to build-to-rent subcontracting.
HomeHomeThe UK contractors and subcontractors that have entered administration, gone into liquidation or stopped trading, month by month, and what each one means for the firms owed money and the people looking for work.
One email on the mornings a firm goes under.
Leeds contractor Torsion owed suppliers £15m when it collapsed, a fresh warning for anyone exposed to build-to-rent subcontracting.
Helix Construct, a 40-staff Berkshire contractor working across affordable housing, education and care schemes, has filed to appoint administrators. It is a fresh reminder that a full order book is no guarantee of survival once margins turn thin.
Creditsafe data shows 25 construction firms fell into administration in August, the second monthly fall in a row, but the year-to-date total is still running ahead of last year.
Breyer Holdings folded after seven decades trading, putting 285 jobs at risk and leaving another trail of unpaid subcontractors in the specialist trades.
The West Country housebuilder's administration papers show £35m owed to unsecured creditors, with subcontractors expected to receive nothing. Here's what the collapse signals for regional housebuilding and the QSs working in it.
An Oldham light gauge steel frame specialist has filed to appoint administrators just six months after opening a bigger factory. It's a reminder that scaling up doesn't shield a subcontractor from a slow market.
A new administrators' report shows subcontractors will lose £5.1m from Ardmore Construction Group's collapse, with the door still open to £300m of further claims tied to the firm's defect history.
Construction company failures rose for the second month running in July, official data shows, with the sector still accounting for the highest share of UK business collapses. Here's how to read that risk before you sign anywhere.
JAO Groundworks in Taunton has ceased trading with immediate effect, the latest residential civils specialist to go under as the housing market downturn squeezes margins. More than 100 jobs are affected, and it's a pattern worth watching if you work in groundworks or residential civils.
Avtar Construction's fall into administration, after margins were squeezed to under 1%, shows how thin the ground is getting for groundworks subcontractors tied to the volume housebuilders.
The Leeds housing contractor has gone into administration with most of its 115 staff made redundant. Here is what its collapse says about the wider market and what displaced staff should do next.
Northamptonshire civils and groundworks firm Agetur has gone into administration owing more than £2m to trade creditors, with all staff made redundant overnight. It's a reminder of how thin the margin still is for housebuilders' civils supply chain.
Construction News data shows a record 32 firms went under in July, including Leeds contractor Torsion Construction, even as survey data suggests the wider downturn is easing.