Thu, 08 Oct 2020 | ADMINISTRATION
York-based contractor Evora Construction has fallen into administration, halting several projects and leaving subcontractors owed substantial sums of money. Auker Rhodes Accounting has been appointed as the company’s administrator.
According to reports, Evora had celebrated its tenth anniversary last year, also announcing turnover for the year of £15 million and £9 million in projects secured for 2020. During the COVID-19 pandemic, Evora secured a further £4 million in new contracts, including a GP surgery, convenience store and family stand at a football club.
However, the company ended the last financial year with £2.5 million owed to trade creditors and subcontractors have said they are still owed considerable sums, with one claiming the company owed them £100,000.
Several contractors and workers on Evora sites have said they do not expect to recoup the outstanding money they were owed, with reports indicating the amount could run into the millions. Projects Evora was involved in up until the time of its administration include the building of 14 luxury units at Bootham House. The administrators say they will contact creditors in due course.
Evora largely worked in the local commercial and leisure sector. Beginning trading in 2009, the company specialised in new build, fit out, refurbishment project and shop fitting jobs, with individual contracts worth up to £4 million in value.
At the time of its last financial accounts, to the year ended October 31 2019, Evora Construction had fixed assets of £24,803, with current assets valued at £3.2 million, up from £2.7 million a year earlier, and net assets of £539,775, up from £458,133 the year prior.
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