Allston Construction in liquidation owing £7.8 million
The Kent-based company shut down in late December owing £7.8 million to various trade contractors. It had a 20-strong workforce, and operated from a base in Rochester.
Director John Gulston ran the company, which was founded in 2007 under the name of Brett Construction, later changing its name to Allston in 2014.
Construction Enquirer reported that the business encountered difficulties during housing projects in Bethnal Green, Rottingdean and Canterbury. It was forced to leave the sites after related costs racked up too high.
A report from Leonard Curtis, quoted by Construction Enquirer, says: “The director attributes the failure of the company to: historic issues relating to contracts, cash flow issues owing to difficulties in obtaining debtor monies, inability to obtain new work despite continued efforts and inability to obtain further working capital.”
Allston Construction recorded revenues of £11 million for the year to
September 2014 with gross profits of £1 million. It has a string of accreditations listed on its website including Safe Contractor approved, Constructionline and CHAS accredited. Services offered include new builds, fit outs, carpentry, bespoke interiors, refurbishments and maintenance.
Business Sale Report subscribers can make contact and find out more details: N A Bennett (IP No. 9083) Email: [email protected] Tel: 020 7535 7000. Alternative contact: Samuel Wood.
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