Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Thu November 23 2017

Related Information
Related Information
Related Information

News » UK » Council clash sinks building contractor » published 28 Oct 2016

Council clash sinks building contractor

A construction firm which has operated across the south of England since 1998 has folded after payment problems with two separate local authorities.

A housing development at North Lane in Aldershot, built by The Construction Partnership, won a RIBA South award earlier this year Above: A housing development at North Lane in Aldershot, built by The Construction Partnership, won a RIBA South award earlier this year

The Construction Partnership Ltd – formerly known as Ashe Construction (Southern) Ltd – has offices in Southampton and Surrey and operates across London and the Home Counties.

It has now ceased trading and appointed administrators from insolvency and restructuring firm CVR Global.

CVR partner Matthew Fox, joint administrator, said that disputes with two local councils had left the company unable to pay creditors.

“This was a successful, profitable company which has delivered hundreds of schemes but disputes around projects delivered for two local councils left it with serious cash flow problems,” he said.  “This meant the directors had no choice but to appoint administrators. All its building projects have ceased and all staff have been made redundant.

“Typically companies in this sector have large networks of subcontractors and in this instance we believe that may number over 200 companies and individuals. We are currently investigating the possibility of further legal challenges over the two council contracts where payment has been withheld.”

The Construction Partnership, Headed by managing director Chris Horsfield, is a chartered building company that specialises in new build, refurbishment and alteration work operating in various markets including residential, education, health and commercial.

It had a turnover of around £11m and employed 14 people who were made redundant by the company prior to administration.




Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 28 Oct 2016 (last updated on 28 Oct 2016).

More News Channels