Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Administrators called in for West Midlands contractor

Administrators called in for West Midlands contractor

Tue, 18 Jun 2019 | ADMINISTRATION



A contractor based in Aldridge, West Midlands has collapsed into administration due to cash flow pressures after failing to successfully refinance.

Shaylor Group, a family-run business that has worked on projects for companies like Ricoh Arena, Rolls-Royce, and Birmingham Airport, was forced to call in insolvency specialists FRP Advisory to handle the administration process, with partners Raj Mittal and Tony Barrell appointed as joint administrators.

In a statement to the public, the administrators said the Group “had experienced severe cash flow pressures in recent weeks following several project delays.

“After unsuccessful attempts to raise additional funding, the directors took the difficult decision to place the company into administration. The business ceased to trade on 14 June 2019.”

Established in 1968, and headquartered in Walsall with an office in London as well, Shaylor Group reported a turnover of £152.7 million in the year ending September 2018 – an increase from the £144.3 million in the 12 months prior. However, reports also revealed that pre-tax profits fell from £4.8 million to £2.4 million in the same period of time.

More recently, the Group has also supported development projects like the British Transport Police’s headquarters, the University of Warwick Business School, Paddington Station and easyHotel.

However, in light of the insolvency, the administrators are engaging with the company’s clients to discuss the transfer of sites, and how to support the employees through the administration period.

Mittal further added: “Despite the efforts of directors, the financial issues facing the company were not able to be resolved and resulted in the decision to place the business into administration.

“We will also be working closely with clients to ensure the smooth transfer of sites.”

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Independent Building Contractor
UK Wide, Scotland

The Company is a highly regarded building contractor, predominantly providing its services to clients in the commercial and retail sectors. The Company has experienced considerable growth since its foundation, with the strength of its workforce and s...

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD


Manufacturer & Installer of Bespoke Retail Interiors
East Midlands, UK

The company specialises in the design, manufacture and installation of bespoke retail interiors. Operates on an international basis. Currently works with over 60 active clients, 95% of whom provide reliable, repeat business.

Asking Price: Offers Invited
Turnover: £6,000,000

LEASEHOLD


Provider Of Specialist Mechanical & Electrical Services
Northern England, UK Wide

Achieved turnover of £44 million, with an adjusted EBITDA of £2 million. Provides a comprehensive range of M&E engineering and contracting services, predominantly working alongside leading construction companies on projects of all sizes. The company...

Asking Price: Offers Invited
Turnover: £35,594,959

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jan
 

Buyer sought for portfolio of pubs | BUSINESS SALE

Five pubs that formerly operated under the Authentic Alehous...

 
14
 
Jan
 

Acquisitive RSK Group completes trio of deals | BUSINESS SALE

Cheshire-based technical services consultancy RSK Group has ...

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

 
07
 
Jan
 

Leicestershire country house hotel seeks investment after falling into administration | ADMINISTRATION

Country house hotel Hothorpe Hall in Theddingworth, south Le...

 
07
 
Dec
 

MBO proposed for EWM retailer Peacocks | MBO/MBI

A management buyout (MBO) bid has been submitted for Edinbur...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.