Scunthorpe construction group call in administrators

Mon, 09 Dec 2019 | ADMINISTRATION

Scunthorpe-based Clugston Group and Clugston Construction have gone into administration, appointing KPMG. James Clark and Chris Pole from KPMG’s restructuring division will act as joint administrators.

The group’s finances from January 2018 showed 49 per cent year on year growth and a turnover of £176 million, with the construction arm having a turnover of £158 million. However, those accounts also showed the group making a pre-tax loss of £469,000, while Clugston Construction had an operating loss of £529,000.

Clugston Group operates from over 25 sites, largely across the North and Midlands, with different divisions focused on construction, civil engineering, logistics, property development and facilities management. Clugston Distribution Services Limited and Clugston Estates Limited are not affected by the administration and will continue to trade.

The company employs 412 staff, 150 of whom have now been redundant with the remaining 262 retained to assist in the administration process.

The group had recently generated growth through its joint-venture with French firm CNIM, which saw the company engage in high-value contracts building waste-to-energy plants.

Clugston Group CEO Bob Vickers left the company in June of this year and was replaced on an interim basis by corporate rescue specialist Glynn Thomas.

In a statement, KPMG said: "The joint administrators will continue to trade certain divisions and are seeking to sell valuable contracts, with 262 members of staff retained to assist with this. Any interested parties should get in touch with KPMG as soon as possible."

Joint-administrator James Clark added: "Our focus over the coming days will be to seek buyers for the contracts and divisions and to liaise with those employees who have been made redundant, ensuring they are provided with the support and information they need to claim their statutory entitlements from the Redundancy Payments Office."

Share this article

Latest Businesses for Sale

Provider of Joinery, Fit-Out & Drylining Services
UK Wide

Specialises in drylining works and acoustic flooring, benefiting from a diverse range of in-house expertise. Predominantly works with clients in London, including major construction and fit-out companies 100% client retention rate, receiving a contin...

Asking Price: Offers Invited
Turnover: £3,000,000


Carpentry Subcontractor
UK Wide

Provides a comprehensive range of high-quality carpentry services to clients within the construction sector. Utilises a highly experienced workforce with a broad spectrum of knowledge within all aspects of carpentry and construction, enabling the com...

Asking Price: Offers Invited
Turnover: £3,100,000


Provider of Scaffolding Supply & Installation Solution
UK Wide

Provides tailored scaffolding supply and installation solutions for a wide range of projects, including domestic renovations, commercial construction and conservation purposes. Utilises a highly experienced workforce with extensive in-house capabilit...

Asking Price: Offers Invited
Turnover: £1,100,000


View more businesses for sale

News Search

Latest News


Addison Lee acquired by consortium of investors | BUSINESS SALE

Addison Lee Group, London’s biggest private care hire ...


Leicestershire building products firm enters administration | ADMINISTRATION

Leicestershire-based System Building Products Limited has en...


Kaupthing plans sale of Oasis and Warehouse | BUSINESS SALE

Icelandic-owned UK women’s fashion retailers Oasis and...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


North East contractor enters administration | ADMINISTRATION

Newcastle-headquartered general building contractor P F Burr...


Major fashion label enters administration | ADMINISTRATION

East-London-based fashion label House of Holland has appoint...


Clugston Group former headquarters up for sale | COMMERCIAL PROPERTY

St Vincent House in Scunthorpe, which was the headquarters o...

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