BSR
BSR
  • 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
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Wolverhampton contractor falls into administration and ceases trading

Wolverhampton contractor falls into administration and ceases trading

Tue, 10 Aug 2021 | ADMINISTRATION

Wolverhampton contractor falls into administration and ceases trading

Wolverhampton-based contractor AM Griffiths has ceased trading after falling into administration. The 122-year-old firm was reportedly hit by issues including the rising prices of raw materials and Covid-19 related uncertainty. The Birmingham office of Leonard Curtis is handling the administration process.

The company worked on private and public sector contracts and built many prominent sites in the Wolverhampton area, including Carillion’s former headquarters and the Severn Hospice in Shrewsbury.

In its most recent accounts at Companies House, for the year ending March 31 2020, the company said that it had continued to be impacted by Brexit and that the commencement of several new projects had been deferred while clients sought reassurances regarding economic conditions in the construction sector and the UK more widely.

In the same documents, the company said that these delays had also coincided with “exceptionally inclement weather” in the West Midlands region, which had led to delays on several sites and negatively impacted its production levels for the final quarter of the year. However, the company also reported that, at the outset of the Covid-19 pandemic, it had “a full order book for the remainder of the calendar year”.

At the time, the company reported post-tax profits of £305,188 (down from £752,996 the previous year as a result of the aforementioned factors) on turnover of £30.1 million. At the time the company’s fixed and current assets were valued at around £8.1 million, with total equity of £2.3 million.

This most recent collapse comes following a series of high-profile administrations in the UK construction sector, which is being impacted by a variety of factors relating to issues including Covid-19 and Brexit.


View the latest distressed UK businesses here.


Share this article



Latest Businesses for Sale

Provider of Windows & Doors Solutions
North West, UK

Based in north West England. The business supplies, installs and maintains high-quality window and door systems for its clients. The company has developed a strong reputation due to a proven track record of supporting its customers and local communit...

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

FREEHOLD


Landscaping Specialist
UK Wide

Specialises in the provision of landscaping and grounds maintenance services to the commercial and domestic sectors. Manages all aspects of a project, from design to completion, tailoring its services to meet the specific needs of its clients.

Asking Price: Offers Invited
Turnover: £928,000

RELOCATABLE


Provider of Building Solutions
North of England, UK

Provides installation of air conditioning, ventilation, plumbing, heating and electrical services. Offers a comprehensive range of aftercare services, such as reliable servicing and maintenance. Currently works with 150 regular service users, benefit...

Asking Price: Offers Invited
Turnover: £2,700,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
Jan
 

Administrators to sell assets as office furniture maker collapses | ADMINISTRATION

Bluespot Furniture, a West Yorkshire-based furniture manufac...

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
20
 
Aug
 

Cheshire wealth management firm ceases trading and enters administration | ADMINISTRATION

Sequence Financial Management has ceased trading and entered...

 
26
 
Mar
 

Leicestershire building products firm enters administration | ADMINISTRATION

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

 
27
 
Feb
 

Online furniture retailer rescued from administration | BUSINESS SALE

Houseology has been bought from administration by rival furn...

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

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.