Cruden construction has gone into administration in the last few days with around 100 job losses.

KPMG were officially appointed last week and have immediately made 100 staff at Cruden Construction redundant. Following this Howard Smith and David Costley-Wood have jointly being appointed as administrators of subsidiary companies Cruden Group Limited and Cruden Property Services Limited.

Based in Warrington Cruden employed 126 people with most of their work predominantly across the North West of England.

Having been appointed KPMG said “Following losses on a number of contracts and additional costs caused by the Covid-19 pandemic, due to contract delays, the directors took the difficult decision to place the company into administration.”

“Regrettably, upon appointment the administrators made circa 100 employees redundant, with the remaining staff being retained to support the wind down of the business.”

“Agents have been appointed to realise value in the Group’s construction and maintenance contracts, alongside other tangible assets including a freehold property.”

Howard Smith, associate partner at KPMG further added: “While trading had been challenging for some time, the impact of Covid-19 was the final straw. Discussions to sell the business did not progress, leaving no option but to close.”

“Our priority over the days ahead is to support those members of staff who have been affected by redundancy, providing them with any assistance they need”.

Construction Firms - Administration

Covid-19 continues to cause problems for some construction company’s across the UK especially those that were already facing financial difficulty. 19 construction firms fell into administration in July which is following on from June when 18 also fell into administration.

Some of the July firms to go into administration included Bedford Roofing Services, JJDL, Sprout Land Holdings and Ilec.

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