Tue, 15 Feb 2011 | ADMINISTRATION
Groundworks contractor Barton Civil Engineering has entered administration amid concerns of a continued downturn in the construction industry.
David Willis at BWC Business Solutions is acting as the administrator to the contractor, which was a member of the Civil Engineering Contractors Association.
Barton Civil Engineering provided its services to various local authorities and NHS Trusts in the North East, however a steep drop in orders led to cash flow difficulties.
The firm’s demise comes as an even tougher year for construction firms in the North East has been predicted by the civil engineering trade body CECA.
Michael Henning, North East spokesman for the Royal Institute of Chartered Surveyors, commented: “The acute shortage of new construction work in the region is seriously impacting across the sector.
“Costs of running a business are rising, while a cut-throat market is driving down fees and profit margins.”
Research undertaken by the Civil Engineering Contractors Association suggests that the North East and Wales remain the hardest hit. This is “a trend that regrettably looks like continuing during 2011” CECA director Douglas Kell added.
Established for over ten years, Barton Civil Engineering offered civil engineering, excavation and site clearance, concrete repairs and landscaping services from its base in Gateshead, Tyne and Wear.
This substantial 43-bedroom urban hotel, situated just 5 miles from Newcastle city centre, offers an exceptional investment opportunity with its prime trading location and extensive public areas, including a popular bar and refurbished function room.
FREEHOLD
Opportunity to acquire a well-positioned hotel in a prime canalside location, offering excellent visibility on the A6 in a sought-after trading area.
FREEHOLD
Explore the prospect of acquiring a thriving and rapidly expanding second-hand vehicle sales company located in Hampshire.
13
|
Aug
|
Activ8 Energies acquires UK solar company LCE | BUSINESS SALE
Irish solar panel provider Activ8 Energies has acquired Low ...
13
|
Aug
|
Inveraray hotel acquired out of administration in £3m deal | COMMERCIAL PROPERTY
The George Hotel, a 24-bedroom boutique hotel in Inveraray, ...
13
|
Aug
|
Pole Star Global acquires maritime risk intelligence firm | BUSINESS SALE
Maritime intelligence solutions provider Pole Star Global ha...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.