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 / South West construction firm enters liquidation

South West construction firm enters liquidation

Tue, 29 Jun 2021 | ADMINISTRATION



A 161-year-old construction firm has announced that it has ceased trading and is preparing to go into liquidation.

Henry W Pollard and Sons Ltd has revealed that it has stopped work on all its sites across the South West. The company was reportedly in profit before the coronavirus pandemic, boasting revenue of £24.1 million in its recent accounts. However, the administration of an important client in 2019 reportedly left the company more than £700,000 out of pocket.

As a result, the firm's most recently filed accounts for the year ending 31 March 2020 showed the company owed its creditors £5.4 million.

After the company ceased trading this week, advisors from accountants PKF Francis Clark emailed suppliers and stakeholders to confirm that the company had ceased trading. Commenting on the news, Lucinda Coleman, partner and head of business recovery at PKF Francis Clark, stated that the advisors would begin looking into the company's options for the future.

"Henry W Pollard & Sons Limited has sadly ceased trading and the directors are taking steps to place the company into creditors’ voluntary liquidation.

"We are assisting the directors in this process but are not seeking to be appointed as liquidators. Creditors are currently being contacted and liquidators will be appointed in due course."

Sites that have been affected by the company's news include the former Royal Navy site in Mount Wise in Plymouth, where Pollard was constructing the 73-apartment Teesra House. So far the company has invested more than £35 million into the phased development, although it is yet to indicate how it will move forward following Pollard's announcement.

Pollard was founded in 1860 and was a family-owned business until a management buyout in 1997. The company opened its Plymouth office in 2015 and now employs around 50 people.


Share this article



Latest Businesses for Sale

Provider of Shopfitting Solutions
UK Wide

Delivers specialist shop fitting services for pharmacies, offering design, supply, installation and maintenance solutions to meet client specifications and complete projects to a high standard. Works with a number of blue-chip and independent pharmac...

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

LEASEHOLD


Tube Manipulation, Fabrication and Coiling Business
London, UK

The highway successful business opportunity was established over 60 years ago by our client's family who is now looking to sell the business to simply retire. The fully equipped opportunity will include the extensive range of specialist equipment,...

Asking Price: Offers Invited
Turnover: £800,000

LEASEHOLD


Building and Maintenance Contractor
UK Wide

Provides kitchen and bathroom adaptations including grab rails, non-slip flooring and low-level storage for elderly or disabled clients, alongside standard building services.

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
16
 
May
 

Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE

Manx Financial Group Plc has announced the acquisition of Pa...

 
13
 
May
 

Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION

The US House Group modular housing joint venture has fallen ...

 
12
 
May
 

Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE

Bathroom and kitchen products firm Norcros has agreed a deal...

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.