Tue, 23 Jun 2026 | ADMINISTRATION
Since our last update, the following businesses have been confirmed as having fallen into administration. All dates indicate when the administration was announced and not necessarily the dates on which administrators were appointed.
Ardmore Construction Group - June 17
A number of businesses forming Ardmore Construction Group fell into administration earlier this month. Dominik Thiel-Czerwinke and Jamie Taylor of BTG Begbies Traynor, as well as Jason Callender of Panos Eliades Callender & Co, were appointed as joint administrators of Landmark Facades Limited, Ardmore Regeneration Limited, Ardmore Major Projects Limited, Ardmore Fitout Limited, Ardmore Construction Group Limited and Ardmore Hotels & Commercial Limited.
The collapse of the group was linked to its long-running struggle to manage liabilities that arose from historic residential developments that required extensive fire safety work in the wake of regulatory changes following the Grenfell Tower disaster.
The group’s original contracting arm, Ardmore Construction Limited, fell into administration last year. The business was responsible for the delivery of many of the impacted schemes, with its administration described as an effort to protect the wider group from future claims.
However, following a legal challenge from housebuilder Crest Nicholson, the High Court ruled that Building Liability Orders introduced under the Building Safety Act 2022 meant parent companies and associated businesses within one corporate group could be liable for building defects.
While the group is reportedly intending to appeal the verdict, industry sources claim that concern over potential liabilities had impacted the group’s ability to win new contracts. Despite having a substantial live workload, including ten major projects across London, clients and funders were reported to have become more cautious about the business.
The wider Ardmore Group, including its property business, has not entered administration, but has applied to enter a moratorium process, allowing it to continue trading while its position is reviewed.
In group accounts for the year to September 30 2024, Ardmore Construction Group Limited reported revenue of £343.8 million, down from £401.4 million a year earlier, while operating losses increased from £14.6 million to around £42.3 million.
At the time, its fixed assets were valued at approximately £1.4 million and current assets at £175 million, but net liabilities exceeded £28.1 million.
Mallock Limited - June 17
Mallock Limited, a freight transport company based in Leicestershire, fell into administration earlier this month, with David Kemp and Richard Hunt of Exigen Group appointed as joint administrators.
In accounts for the year to March 31 2025, the company’s fixed assets were valued at around £255,000 and current assets at £1.6 million, but net liabilities amounted to more than £542,000.
Maroush Group - June 17
Maroush Group, the company behind London Lebanese restaurant chain Maroush, as well as juice brand Ranoush Juice, fell into administration earlier this month. Nick Parsk and Carrie James of Oury Clark Chartered Accountants were appointed as joint administrators of Maroush Group Limited, Suckers Limited, Crockersfolly Limited, Ranoush Company Limited, Maroush II Company Limited, Dilmoor Estates Limited, Superflow Management Limited, Zakary Limited and Lebanese Food Market Limited.
In accounts for the year to March 30 2024, Maroush Group Limited reported turnover of £4.3 million, level with the previous year, but saw operating losses increase from £1.4 million to £5.1 million.
At the time, the group’s assets were valued at approximately £396,000 and current assets at £33.8 million. However, its net liabilities exceeded £26.4 million.
Euro Exchange Securities UK Limited - June 17
Euro Exchange Securities UK Limited, a London-based payments processor, fell into administration earlier this month, with Duncan Perring and James Bennett of Teneo Financial Advisory appointed as joint administrators.
The Financial Conduct Authority obtained a court order to take over the management of the company and cease its regulated activity, citing money laundering and solvency concerns. The company has ceased trading with immediate effect.
In accounts for the year to December 31 2024, the company reported turnover of around £2.2 million, up from £1.8 million a year earlier, but operating losses widened from approximately £304,000 to more than £476,000.
At the time, its fixed assets were valued at £4 million and current assets at close to £27.1 million, while net assets totalled £2.1 million.
Precision Facades Limited - June 19
Precision Facades Limited, a Runcorn-based facades contractor, fell into administration earlier this month, with Christopher Ratten and Gareth Harris of RSM UK Restructuring Advisory appointed as joint administrators.
In accounts for the year to September 30 2024, the company’s fixed assets were valued at slightly over £264,000 and current assets at £10.6 million, while net assets totalled £6.1 million.
X1 Media City Limited - June 22
X1 Media City Limited, a construction developer based in Liverpool, fell into administration last week, with Paul Cooper, Jamie Taylor and Dominik Thiel-Czerwinke of BTG Begbies Traynor appointed as joint administrators.
In accounts for the year to October 31 2023, the company reported turnover of £48.2 million, compared to around £290,000 a year earlier, while operating profit rose from £118,000 to £5.5 million.
At the time, its current assets were valued at £57.5 million and net assets at approximately £108,000.
Groupia Limited - June 22
Groupia Limited, a Bath-based group travel company trading under brand names including Groupia, Groupia Golf, StagWeb, GoHen, Company Away Days and Groupia School Trips, fell into administration last week. Nigel Fox and Christopher Marsden of S&W Partners were appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at £991,000 and current assets at £1.1 million, but net liabilities totalled close to £250,000.
Integra People Limited - June 22
Integra People Limited, a Warrington-based recruitment company serving the construction, IT & telecoms, engineering, manufacturing & industrial, commercial & business support, healthcare and education sectors, fell into administration last week. James Fish and Keeley Lord of Cowgills were appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at £909,000 and current assets at approximately £2.6 million, with total equity standing at slightly over £645,000.
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