Historic Hull construction firm up for sale following administration

Mon, 16 Jan 2017 | ADMINISTRATION

A Hull-based construction company has gone up for sale after falling into administration.

Hall Construction Group, which was established 130 years ago and built some of Hull’s best-known buildings, filed for administration last week, the Hull Daily Mail reports.

Administrators Begbies Traynor said Hall’s excellent reputation and significant client base meant they were hopeful a buyer will be found.

The firm, which employs around 65 people, made significant losses on two out-of-town design-and-build contracts in York and Doncaster. One of the projects resulted in a £2.9 million loss.

After meeting with staff managing director Martin Hall officially announced that the company had been placed into administration.

Joint administrator Julian Pitts said Begbies was considering all options to allow the business to continue to trade.

"It is extremely sad to see such a long-established Yorkshire-based business in difficulties," he told the Hull Daily Mail.

"However, with its strong reputation in commercial construction, together with a number of blue chip and public sector clients within Yorkshire and Lincolnshire, we are hopeful that Hall Construction represents an attractive proposition for the right buyer.

"We are currently marketing the business and our aim is to find a buyer for the business as a whole, or for parts of the business, in order to achieve the best return possible for creditors."

Contact the administrators here

Search construction businesses in administration here.

Find building and construction businesses for sale.


Share this article



Latest Businesses for Sale

Airport Demand & Capacity Consultancy
South East, UK

The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...

Asking Price: Offers Invited
Turnover: £1,309,000

Construction Company
Leeds, West Yorkshire, Yorkshire and the Humber, UK

Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...

Asking Price: £1,900,000
Turnover: £1,709,427

LEASEHOLD


Phone & Computer Sales & Repair Business
Liverpool, UK Wide

This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...

Asking Price: £580,000
Turnover: £390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
09
 
Oct
 

South Wales furniture maker collapses into administration | ADMINISTRATION

Thought to be one of the top furniture manufacturers in the ...

 
07
 
Oct
 

Prominent Bristol construction company plunges into administration | ADMINISTRATION

An acclaimed construction company operating in southwest Eng...

 
25
 
Jul
 

Welsh construction contractor selling assets | ADMINISTRATION

Administrators for the Port Talbot construction contractor J...

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