Construction company enters administration

Thu, 06 Dec 2018 | ADMINISTRATION



A Bristol-based construction firm has collapsed into administration, leaving the future of its projects uncertain.

Helm Construction, located near Severn Beach and established by Gary Sheppard in 2014, entered administration on December 3, 2018.

Opus Restructuring LLP have been called in to oversee the administration process, with partners Steven John Parker and Trevor John Binyon appointed as joint administrators.

The company announced the news of its administration on its website, stating that “The business and assets of the company are now managed by the administrators.

“Please note that the administrators are agents of the company and act without personal liability.”

The future of incomplete projects is presently unknown, and the company directors have declined to comment on the administration process.

In the past, Helm Construction has worked on numerous projects across the city, including on the renovation of St Luke’s Hall, which was an old commercial office establishment, a nursery in Southville, and on Clifton’s Bridge House Apartments.

The company also delivered on the construction of three townhouses in Kingswood and on the building of apartments in Wells Road in Bristol city centre.

As of a year ago, Helm Construction had a turnover of more than £15 million with at least 50 employees to its name. Since its establishment, the company grew in popularity after working on both commercial, residential and domestic projects across the southwest of England.

Click here to view the Helm Construction Ltd administration listing.

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


Share this article



Latest Businesses for Sale

Specialist in Floor & Wall Finishes
Yorkshire and the Humber, UK

A specialist in floor and wall finishing capabilities, offering a range of services to its clients, including floor screeding, plastering,rendering and underfloor heating.Established for over 40 years and highly regarded within its community. Serves...

Asking Price: Offers Invited
Turnover: £1,500,000

LEASEHOLD


Timber Merchants & Fencing Contractors
Yorkshire and the Humber, UK

Outstanding business with serious profits for working owner or managing group. Full Account history available. Long established trading name and with outstanding reputation in the region for Quality of Service and Products. Business split between fen...

Asking Price: £525,000
Turnover: £760,000

FREEHOLD


Building Products & Window Manufacturer
West Yorkshire, Yorkshire and the Humber, UK

Established 30 years, this is a well organised manufacturer of Specialist Building Components predominantly for the school, hospital and commercial property market. Excellent fabrication facilities and fully equipped workshop the highest standard. Lo...

Asking Price: £175,000
Turnover: £582,000


View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...

 
16
 
Jan
 

Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

 
15
 
Jan
 

SSE sells retail business to OVO Energy | DIVISION SALE

Power utility SSE has announced it has completed the sale of...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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