Fri, 16 Mar 2012 | ADMINISTRATION
Administrators are looking to sell the assets of West Yorkshire building company, Ashcroft Construction, after it fell into administration last week with the loss of 23 jobs.
The Brighouse-based business appointed Antony Denham and Sarah Long from insolvency firm DL Partnership as joint administrators this month, who immediately made all of the company’s employees redundant.
Insider Media has reported Ms Long as stating that the company was a victim of its recent loss of turnover, which had been caused by the “economic climate and the general downturn in the construction sector”.
The administrators immediately moved to wind up Ashcroft’s three remaining contracts, submitting them for review by Leslie Keats Quantity Surveyors. One of the contracts was terminated by the client upon the appointment of the administrators, but was deemed to have no significant saleable value. Another of the contracts was deemed to be practically completed, while the third was transferred to another contractor.
The plant and equipment owned by Ashcroft Construction will now be sold, and the administrators have appointed representatives from Michael Steel & Co (Plant & Machinery) to orchestrate the sale. The administrators have been advised by Sarah Brittain of Lupton Fawcett Solicitors.
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