Mon, 13 May 2019 | ADMINISTRATION
A construction industry supplier based in West Yorkshire has been forced to cease its trading operations and call in administrators due to the loss of a major contract.
HW Architectural Limited, which traces its roots to the 1880s, has been forced to call in professional advisory firm Deloitte to handle the administration process, with partners Adrian Berry and Clare Boardman appointed as joint administrators.
The company, which was originally established as Helliwell Patent Glazing, caters specifically to the construction industry by designing, manufacturing and installing curtain walls and aluminium frame window systems.
It is presently located in Brighouse, roughly four miles east of Halifax.
A statement released by Deloitte stated: “Due to the contractual nature of the business, the administrators do not anticipate a sale of the business is possible and therefore the business unfortunately will cease trading with immediate effect.”
It is expected that HW Architectural Limited’s assets will be auctioned off to potential buyers.
Adrian Berry commented: “HW Architectural incurred significant losses on a large and challenging contract in 2018 and had subsequently seen delays in order intake arising from challenging market conditions.
“This combination was too much for the business to withstand, and the directors were left with no other option that to appoint administrators to the business.”
The company was subject to a management buyout from Heywood Williams Group, which was successfully completed in 2001.
It has since worked on a range of projects including the Brighouse Bus Station, The John Smith’s Stadium, Leeds’ City Point and Huddersfield’s Oastler Building.
Its latest accounts filed at Companies House indicate that HW Architectural Limited secured a turnover of £9.5 million with a profit of £151,000 in 2017.
For more news stories about administrations click here. For all our administrations listings, click here.
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