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

Children’s Day Nursery
West Yorkshire, Yorkshire and the Humber, UK

The nursery occupies a prominent position fronting a main road within a well populated residential area, just a short drive from the main commuter route with public transport facilities and the motorway close at hand. Detached children’s day nursery...

Asking Price: £700,000
Turnover: £333,083

FREEHOLD


Bakery with Six Retail Outlets
Oxfordshire, UK Wide

Family run business since 1929. Wholesale operation and with six retail outlets. This is a retirement sale. Offers invited.

Asking Price: £1,250,000
Turnover: £2,227,689

Trio of Children's Day Nurseries
Oxfordshire, UK Wide

Three affluent trading locations. 129 places combined. One freehold and two leasehold premises. Genuine reason for sale. Offers invited.

Asking Price: £1,625,000
Turnover: £1,044,625


View more businesses for sale

News Search

Latest News

 
04
 
Jun
 

Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS

The Restaurant Group, which owns chains including Frankie & ...

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

 
02
 
Jun
 

Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
27
 
Apr
 

Lincs Lifts seeks buyer after appointing administrators | ADMINISTRATION

Scunthorpe-based powered access hire business Lincs Lifts is...

 
03
 
Apr
 

Benito’s Hat to continue trading despite entering administration | ADMINISTRATION

Fast-casual Mexican food chain Benito’s Hat has entere...

 
09
 
Oct
 

South Wales furniture maker collapses into administration | ADMINISTRATION

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

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