Gloomy prospects for Ardmore Construction supply chain

Less than 10 per cent of the money Ardmore Construction owes its supply chain is likely to be repaid, the collapsed contractor’s administrators have said. The firm owes £30m to 1,341 firms as unsecured creditors, administrators from Begbies Traynor revealed in a statement of affairs… The post Gloomy prospects for Ardmore Construction supply chain appeared first on Construction News.

Subbies spared in Ardmore Construction administration

Just £1.26m owed to trade suppliers as administrators eye potential £204m claims against supply-chain

Building Safety Act’s three-decade liability hike sent Ardmore company under, firm says

Group director says legislation ‘significantly increased’ exposure at Ardmore Construction which went into administration last month

Ardmore forecasts return to profit after restructure

With Ardmore Construction Limited now in administration, the wider group is forecasting a return to profit.

Ardmore company files administration notice

Ardmore Construction Ltd has filed a notice of its intention to call in administrators. The notice was filed at the High Court yesterday (28 August). None of the other companies within the Ardmore Group have followed suit. In its last published accounts, for the year… The post Ardmore company files administration notice appeared first on Construction News.