A Bristol-based building firm that lost out when a £15m London housing
development struggled, has entered liquidation.
Insolvency practitioners from
Langdon were appointed to Spiller Builders as liquidators.
The Bristol firm took on the redevelopment of a Regency townhouse in London
in 2007, but falling property prices upon its completion in 2008 saw its value
With Spiller not expected to receive any of its £800,000 payment for its
work, plus the lack of work in the building industry, Milsted Langdon partner
Simon Rowe was appointed liquidator. The builder’s 16 staff will lose their
“Although the company’s records show that former customers owe it several
hundreds of thousands of pounds, construction debts are notoriously difficult to
collect once a builder has ceased to trade as customers allege that work was
inadequate or simply refuse to pay,” said Lowe.
He added that he would be “working hard” to maximise creditors’ returns.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children