Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Liverpool building contractor falls into administration

Liverpool building contractor falls into administration

Thu, 01 Jul 2021 | ADMINISTRATION



Liverpool-based building contracting firm Nobles Construction has announced that it has fallen into administration as a result of financial difficulties caused, in part, by the impact of the coronavirus pandemic.

According to the company's managing director Sean O’Connor, Nobles was refused a Coronavirus Business Interruption Loan (CBILS) of between £50,000-£100,000 despite being heavily impacted by Covid-19. As a result, it struggled to bring back furloughed staff and resume trading despite having secured two major building contracts.

The company has also confirmed that it has been locked in a payment dispute with building developer High Street Group over a £33 million contract for a Warrington-based, 362-apartment project known as Cheshire Junction.

After the scheme stalled in February of this year, Nobles attempted to claim payment for the work it had already carried out. However, the developer argued that the building company was responsible for on-site delays and therefore withheld payment, adding to Nobles financial concerns.

Nobles Construction was founded in 1995 and had a turnover of £25 million. The business worked across a number of sectors including commercial, education, healthcare, industrial and transport, leisure and residential.

The firm's contracts included work for a number of prominent organisations within and around the city, such as Liverpool Mutual Homes, Bluecoat School, Royal Albert Dock and Epstein Theatre. The company had also secured a £1.5 million contract to fully transform Liverpool FC's souvenir store located in the Liverpool One retail centre.

It has been confirmed that Mark Bowen of MB Insolvency has been appointed as the administrator for Nobles and will take responsibility for handling the affairs of the firm as it considers its options.


Share this article



Latest Businesses for Sale

Plumbing, Heating & Electrical Specialists
Ickenham, Essex, London, UK

The company was originally founded in 2017 to provide domestic and commercial heating and electrical services in the Essex, East London and surrounding area.

Asking Price: £525,000
Turnover: £1,000,000

LEASEHOLD


Firedoors Business
Kent, UK Wide

This is a retirement sale. Owner financed. Ideal for full refurbishment. Home based. Small business. Company for sale. Unique business. Attractive business. Established business. The website is the business being sold. Producing an income of £3000...

Asking Price: £50,000
Turnover: £300,000

Building Contractor
South East, UK

Offers a comprehensive range of building services for commercial and private clients throughout South East England. Has the capability to build high-quality houses and extensions, as well as undertake refurbishment and conversion works. Works with a...

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
May
 

Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION

Bournemouth-based instant foods brand Mr Lee’s Pure Fo...

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

 
18
 
May
 

Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS

Businesses in the UK look set to come under continuing press...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.